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Nevada Sports Books Win Record Sum From Bettors

Gamblers Risk $4.8 Billion On Sports Last Year

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Nevada’s regulated sports books won a record $248.7 million from gamblers last year, according to state figures released Wednesday. The figure smashed the previous record of $231.7 million set in 2015.

The revenue was 13.5 percent more than what was generated in 2016 and reflected a win percentage of 5.1 percent. That means that bettors wagered a record $4.8 billion.

There are 190 sports book statewide.

The strong performance for the Silver State sports betting industry comes as the U.S. Supreme Court considers whether to allow the activity in casinos nationwide. The casino industry’s main lobbying group has long been pushing for a change to federal law.

According to the American Gaming Association, the size of the U.S. sports betting market has reached $150 billion, when you factor in offshore operators and other illegal bookmakers.