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Las Vegas Sports Books Extend Winning Streak Over Gamblers To 55 Months

Revenue Was Down Big Year-Over-Year, But Still Continues Streak For Books

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Nevada sports books won $10.7 million off bettors last month, according to state figures made public this week.

The 190 sports books retained just 2.6 percent of the $411.5 million in wagers. Revenue was down nearly 50 percent year-over-year. However, wagers were up by more than $30 million, or eight percent, compared to the $380.7 million bet on sports in February 2017.

A record $158.6 million was bet on the Super Bowl last month, which was about $20 million more than what was bet on the game in 2017. The books retained $1.1 million of the bets last month.

Over the 12 months prior to Mar. 1, 2018, Nevada sports books won $255.9 million off of wagers totaling $4.87 billion. During the same period a year prior, the books won $200.2 million on $4.53 billion in bets. The market has never been larger.

Nevada’s regulated sports betting continues to boom as the U.S. Supreme Court considers allowing all 50 states to legalize it within their respective borders.

Per state data, reported first by ESPN, the $10.7 in winnings last month marked 55 straight months that the books have been in the black against gamblers. The last time the books lost money was when they were in the red $548,000 in July 2013.