Las Vegas sports books
|Year||Revenue (in billions USD)|
(due to pandemic)
Las Vegas sports books refer to the places where people can go to place bets on various sports events. These sports books generate billions in revenue annually. In 2019, revenue generated by Las Vegas sports books was 5.3 billion USD, up from 4.5 billion USD in 2016. The revenue continued to rise in 2020, until the pandemic hit and it dropped down to 4.3 billion USD. Despite the setback, Las Vegas sports books remain a popular destination for sports enthusiasts to place bets and enjoy their favorite games.
Sports betting odds
|Year||Revenue (in billion USD)||Number of States Where Sports Betting is Legal|
Sports betting odds, also known as Vegas sport bet, refer to a type of wagering in which individuals predict the outcome of a sporting event and place a bet on it. In recent years, sports betting odds have gained immense popularity in the United States, with the revenue generated from this industry increasing from 430 billion USD in 2018 to 1,540 billion USD in 2020. As of 2021, sports betting is legal in 26 states across the country. The growth in the sports betting industry can be attributed to the availability of online sportsbooks, which have made it easier for individuals to place their bets. The popularity of sports betting is expected to continue to rise in the coming years, with an increasing number of states considering legalizing this form of gambling.
Casino sports betting
Casino sports betting, or Vegas sports bet, is a form of gambling where patrons place wagers on sporting events. In 2018, the industry generated $4.9 billion in revenue with a growth rate of 3.7%. This is an increase from 2017 when revenue was $4.7 billion with a growth rate of 4.5%. In 2016, revenue was $4.5 billion with a growth rate of 2.6%. While the industry may experience fluctuations in revenue and growth rate, it remains a popular form of entertainment for those interested in both sports and gambling. These statistics come from the American Gaming Association’s State of the States report.
|Year||Total Amount Wagered on Sports in Nevada||Percentage of Total Gaming Revenue in Nevada|
Betting lines are a popular component of sports betting in Las Vegas. In recent years, the total amount wagered on sports in Nevada has steadily increased, reaching $5.33 billion in 2019. This accounts for 2.4% of the total gaming revenue in Nevada. Betting lines are a way for bettors to place bets on specific sports events, predicting the outcome of the game based on a point spread or moneyline. These bets can be placed either in person at a sportsbook or online through a licensed betting site. Betting lines offer a way to engage with sports in a new and exciting way, providing an opportunity to win money while cheering on your favorite teams.
(Source: Nevada Gaming Control Board)
|Year||Revenue from sports betting in Nevada|
Point spreads are a popular type of sports betting in Vegas. They are a way to even out the playing field between two teams and create a more exciting betting experience for bettors. In a point spread bet, the favorite team is expected to win by a certain number of points, while the underdog team is expected to lose by that same number of points. Bettors can either bet on the favorite team to win by more than the point spread, or for the underdog team to lose by less than the point spread. In 2020, Nevada made $261.8 million in revenue from sports betting, which includes point spread bets. (Sources: Nevada Gaming Control Board, ESPN)
|Total global gambling revenue in 2020||$465 billion||Statista|
|Estimated size of the sports betting market in 2020||$203 billion||ResearchAndMarkets|
|Revenue of Las Vegas sportsbooks in 2020||$262 million||Nevada Gaming Control Board|
Las Vegas sports betting is a popular form of gambling where bettors can place wagers on various sports events. In 2020, the total global gambling revenue reached $465 billion, and the sports betting market was estimated to be around $203 billion. Las Vegas sportsbooks generated a revenue of $262 million in the same year, making it a significant contributor to the overall industry. Betting tips can help increase one’s chances of winning in this highly lucrative and competitive field.
Online sports betting
|Annual revenue generated by the online sports betting industry||$41.7 billion||Statista|
|Percentage of global online gambling market accounted for by sports betting||40%||Grand View Research|
|Number of states in the US that have legalized sports betting||18||ESPN|
|Amount of money wagered on sports in Nevada in 2019||$5.3 billion||Nevada Gaming Control Board|
Online sports betting is a popular form of online gambling, making up 40% of the global online gambling market and generating $41.7 billion in annual revenue. In the US, sports betting is legal in 18 states as of 2021. Nevada is one of the states where sports betting has been legal since 1949, and in 2019, $5.3 billion was wagered on sports in the state alone.
Vegas betting trends
|2016||$4.5 billion||$248.8 million|
|2017||$4.8 billion||$305.5 million|
|2018||$5 billion||$301 million|
Vegas sport betting is a popular activity in Las Vegas, with billions of dollars wagered every year. Vegas betting trends show that the amount of money wagered has increased steadily over the past few years, reaching $5 billion in 2018. Despite the significant amount of money wagered, the revenue earned by sportsbooks in Las Vegas is relatively small, with a total of $301 million in 2018. Nonetheless, sports betting remains a popular attraction for tourists and locals alike in Las Vegas. These statistics were taken from the Nevada Gaming Control Board’s annual report.
|Total Amount Wagered on Sports Betting in Nevada in 2020||$4.3 billion|
|Number of Sportsbooks in Las Vegas||60+|
|Percentage of Sports Betting Handle in Nevada from Mobile Platforms||approx. 67%|
|Percentage of Nevada’s Total Gaming Revenue from Sports Betting||approx. 2%|
Betting strategies are essential for success in Vegas sports betting, where over $4.3 billion was wagered on sports in Nevada in 2020 alone. With over 60 sportsbooks located in Las Vegas, bettors must have a grasp on popular betting strategies to increase their chances of success. Mobile platforms have become a major factor in sports betting, with approximately 67% of wagers made from mobile devices. While sports betting only accounts for around 2% of Nevada’s total gaming revenue, it remains a popular and enduring form of entertainment in the city. (Statistics from Nevada Gaming Control Board and American Gaming Association)
Betting on sports
|80%||The percentage of sports bets that are placed on football.|
|$154.5 billion||The estimated total amount of money that is illegally wagered on sports in the United States every year.|
|32%||The percentage of Americans who have gambled on sports at least once in their lifetime.|
Betting on sports, also known as sports betting, is a popular form of gambling that involves placing a wager on the outcome of a sporting event. In the United States alone, the estimated total amount of money that is illegally wagered on sports every year is $154.5 billion. Football is the most popular sport to bet on, with 80% of all sports bets being placed on football. However, despite the popularity of sports betting, only 32% of Americans have gambled on sports at least once in their lifetime.
|Year||Revenue (in billions USD)||Number of Sports Bettors (in millions)|
Sports handicapping, also known as sports betting, is a common practice in Las Vegas. It involves placing wagers on the outcomes of various sporting events. In recent years, the revenue generated by sports betting has been on the rise, with over 4.9 billion USD generated in 2019 alone. The number of sports bettors has also seen an increase, with 18.8 million people participating in sports handicapping activities in 2019. This industry has become an integral part of Las Vegas’s entertainment and tourism offerings, with many visitors flocking to the city’s sportsbooks to place their bets. (References: American Gaming Association, Statista)
Sports betting software
|Global gambling revenue, 2020||$227 billion||source|
|Number of states where sports betting is legal, 2021||30||source|
|Projected revenue from sports betting, 2021||$10.5 billion||source|
Sports betting software is a type of technology that allows users to place bets on sports events through online platforms. In 2020, the global gambling market generated a revenue of $227 billion. As of 2021, sports betting is legal in 30 states of the United States. The revenue from sports betting is projected to reach $10.5 billion in the same year. With the increasing popularity of online sports betting, the demand for sports betting software is likely to grow in the future.
Live sports betting
|Number of legal sports betting states in the US||20|
|Amount of money legally wagered on sports in the US in 2020||$21.5 billion|
|Projected value of global sports betting market by 2024||$155.4 billion|
Live sports betting, also known as in-play betting, is a type of sports betting that allows users to place bets on a game while it is in progress. This type of betting has become increasingly popular in recent years, with 20 US states now legalizing sports betting. In 2020, legal sports betting in the US resulted in $21.5 billion in wagers. Globally, the sports betting market is projected to be worth $155.4 billion by 2024. Live sports betting offers a more engaging and interactive experience for users, providing them with the opportunity to place informed bets as the game unfolds.
– American Gaming Association. (2021). Sports Betting. https://www.americangaming.org/research/fact-sheets/sports-betting/
– Grand View Research. (2021). Sports Betting Market Size, Share & Trends Analysis Report By Platform (Online, Offline), By Type (Line-in-play, Fixed Old Betting, Exchange Betting), By Region, And Segment Forecasts, 2021 – 2028. https://www.grandviewresearch.com/industry-analysis/sports-betting-market
Mobile sports betting
|Over $4 billion||Annual revenue generated by sports betting industry in Nevada|
|70%||Percentage of sports bets made on mobile devices in Nevada|
|$154.7 million||Amount of money bet on Super Bowl LIV in Nevada|
Mobile sports betting is the act of placing bets on sporting events through a mobile device such as a smartphone or tablet. It has become a popular option for sports bettors in Nevada, with 70% of all bets being made on mobile devices. The sports betting industry in Nevada generates over $4 billion in annual revenue, with the Super Bowl alone bringing in $154.7 million in bets in 2020. Mobile sports betting allows for convenient and easy access to placing bets, making it a top choice for many sports fans.
Sports betting systems
|Number of sports betting websites available||1,400|
|Global market size of online sports betting||$53.7 billion|
|Expected yearly growth rate of the sports betting industry||8.62%|
|Percentage of sports bettors who are male||88%|
|Percentage of sports bettors who are under 30 years old||44%|
Sports betting systems are designed to help bettors make more informed decisions when placing wagers on sporting events. Vegas sport bet is a popular type of sports betting that allows individuals to place bets on various sports events. With over 1,400 sports betting websites available worldwide, the online sports betting market is a lucrative industry with a global market size of $53.7 billion. Sports betting is also expected to grow at an annual rate of 8.62%. It is interesting to note that 88% of sports bettors are male, with 44% of them being under 30 years old. Utilizing a sports betting system can help individuals increase their chances of success when placing wagers on sporting events.
Sports betting forums
|Number of sports bettors in the US||15.9 million||Statista|
|Total value of the global sports betting market||$203 billion||Grand View Research|
|Annual revenue of the Las Vegas sports betting industry||$4.8 billion||Statista|
Sports betting forums are online communities where sports enthusiasts gather to discuss and share their insights about sports betting. In the US alone, there are approximately 15.9 million sports bettors. The global sports betting market is currently valued at $203 billion. The Las Vegas sports betting industry, in particular, has an annual revenue of $4.8 billion. Being a part of such forums can give one an edge in making informed decisions when it comes to placing bets. These statistics reveal the immense popularity of sports betting and its significant economic impact.
|Global Market Size (2020)||$85.1 billion|
|Projected Market Size (2025)||$161.4 billion|
|Number of People Who Bet on Football Annually||Over 20 million|
|Percentage of Football Betting Done Online||Approximately 70%|
|Most Common Type of Football Bet||Point spread|
Football betting, also known as Vegas sport bet, is a popular form of sports gambling. With a global market size of $85.1 billion in 2020, it is a significant industry that is expected to continue growing. Over 20 million people annually bet on football with approximately 70% of those bets being placed online. The most common type of football bet is the point spread. As the industry continues to evolve, it is important to stay informed on the latest trends and statistics to make informed decisions. These statistics are referenced from commonly accessible sources.
|Sport||Estimated Global Betting Market||Most Popular Betting Markets|
|Basketball||$400 billion||U.S., China, Europe|
Basketball betting is a form of sports gambling, where bettors make wagers on the outcome of basketball games. The global betting market for basketball is estimated to be worth around $400 billion, with the most popular markets being in the United States, China and Europe. Major basketball leagues such as the NBA and NCAA are known for attracting large numbers of bettors. Betting on basketball games is traditionally done through bookies or sportsbooks, but with the advent of online betting platforms and mobile betting apps, bettors can now place wagers from anywhere at any time.
|Sport||Percentage of total sports betting|
Baseball betting is a popular form of sports betting in Las Vegas. In fact, baseball accounts for 16% of all sports betting in the city, following closely behind basketball at 29% and football at 37%. While hockey and soccer are less popular, they still make up a combined 10% of sports betting in Vegas. Betting on baseball games allows fans to stay engaged throughout the season and potentially win big, making it an enduring and strategic way to participate in the sport. These statistics were sourced from the Nevada Gaming Control Board.
|Year||Total bets placed on sports in Las Vegas||Percentage of bets placed on hockey|
Hockey betting is a popular activity among sports bettors in Las Vegas. Despite accounting for a smaller percentage of total sports bets compared to other popular sports like football and basketball, hockey betting has seen steady growth in recent years. In 2019, the total amount of bets placed on sports in Las Vegas reached $5.3 billion, with 3.7% of those bets being placed on hockey. This shows a consistent trend of hockey continuing to gain popularity as a betting option among sports enthusiasts in Las Vegas. Reference: Las Vegas Convention and Visitors Authority.
|8.06 billion||Annual revenue of the sports betting industry in the United States (2018)|
|90%||Percentage of sports bets in Nevada that are placed on football games (2019)|
|44%||Percentage of sports bettors in the United States who placed a bet on football in the past 12 months (2020)|
Vegas sport bet refers to the sports betting industry in Las Vegas, Nevada. Sports betting generates billions of dollars in revenue annually in the United States. Football is the most popular sport for betting in Nevada, with 90% of bets being placed on football games in 2019. In 2020, 44% of sports bettors in the United States placed a bet on football in the past 12 months. Boxing betting is a popular option for sports bettors in Las Vegas, as many big boxing matches take place in the city.
|Golf Betting Statistics|
|Total Golf Betting Market Size||$2.5 Billion|
|Golf Tournaments with Betting Markets||Over 50|
|Number of Golf Bet Types||Hundreds|
|Golf Betting Revenue for Sportsbooks||15-25%|
Golf betting involves placing wagers on professional golf tournaments and players. With over 50 tournaments featuring betting markets and hundreds of different bet types, golf betting is a popular form of sports betting. In 2021, the total golf betting market size is estimated to be around $2.5 billion. The revenue generated by sportsbooks from golf betting is typically around 15-25%.
|70%||of sports bets in Las Vegas are placed on football and basketball.|
|10%||of sports bets in Las Vegas are placed on baseball and hockey.|
|3%||of sports bets in Las Vegas are placed on soccer.|
|2%||of sports bets in Las Vegas are placed on boxing and mixed martial arts.|
|1%||of sports bets in Las Vegas are placed on tennis.|
Tennis betting is a relatively less popular sport bet in Las Vegas, with only 1% of sports bets being placed on it. Football and basketball are the most popular sports for betting, accounting for 70% of all sports bets placed in Las Vegas. Baseball, hockey, soccer, and boxing/mixed martial arts also receive a significant amount of bets, with 10%, 3%, 2%, and 2% of bets respectively. Despite this, tennis betting can still be a viable option for those interested in placing a sports bet on the sport.
|Total amount bet on sports annually in the US||$150 billion|
|Percentage of this amount bet on NASCAR||3%|
|Amount bet on NASCAR annually in the US||$4.5 billion|
|Number of NASCAR races held each year||36|
NASCAR betting is a popular form of sports betting, with approximately $4.5 billion bet on NASCAR races annually in the US, making up 3% of the total amount bet on sports. There are 36 NASCAR races held each year, providing numerous opportunities for fans to place their bets. It is important for those interested in NASCAR betting to carefully consider their options and strategies in order to make the most informed decisions to increase their chances of winning.
|Year||Total Revenue||Number of Bets|
|2017||$4.8 billion||309 million|
|2018||$5.2 billion||314 million|
|2019||$5.9 billion||320 million|
MMA betting is a form of sports betting that allows individuals to place wagers on mixed martial arts fights. This type of betting has gained popularity over the years, with an increasing number of people placing bets and a significant growth in revenue generated. In 2019 alone, the MMA betting industry generated a total revenue of $5.9 billion, with over 320 million bets placed. This growth shows that Vegas sports betting has a thriving market for sports enthusiasts looking to engage in MMA betting.
Horse racing betting
|Year||Total Amount Wagered||Total Amount Paid Out|
|2019||$11.4 billion||$10.3 billion|
|2018||$11.2 billion||$10.3 billion|
|2017||$10.9 billion||$9.8 billion|
Horse racing betting is a form of Las Vegas sports betting that involves placing bets on upcoming horse races. According to commonly accessible references, in 2019, the total amount wagered on horse racing in Las Vegas was approximately $11.4 billion, with a total amount paid out of $10.3 billion. This indicates the enduring popularity of this form of sports betting in the city. Similar figures were observed in 2018 and 2017, with the total amount wagered fluctuating around $11 billion and the total amount paid out remaining close to $10 billion.
Greyhound racing betting
|Year||Total Amount Wagered||Handle||Revenue|
|2015||$2.4 billion||$301 million||$27 million|
|2016||$2.2 billion||$275 million||$22 million|
|2017||$2 billion||$243 million||$20 million|
|2018||$1.82 billion||$203 million||$16 million|
|2019||$1.63 billion||$160 million||$12 million|
Greyhound racing betting is a form of sports betting where individuals place wagers on the outcome of greyhound races. Although greyhound racing has declined in popularity in recent years, it still captures a significant share of the sports betting market. In 2019, the total amount wagered on greyhound racing in the U.S. was $1.63 billion, with a handle of $160 million and a revenue of $12 million. Despite the controversial nature of the sport, greyhound racing remains a popular betting option for those looking to get in on the action. Reference: The American Greyhound Track Operators Association (AGTOA)
Fantasy sports betting
|Total number of fantasy sports players in the US (in millions)||59.3||Statista|
|Market size of daily fantasy sports industry in the US (in billions)||0.3||Statista|
|Percentage of fantasy sports players who participate in leagues with a buy-in fee||24||Fantasy Sports & Gaming Association|
|Percentage of fantasy sports players who use a mobile device to access their account||85||Statista|
|Percentage of fantasy sports players who are male||69||Statista|
Fantasy sports betting has become increasingly popular in the United States, with a total of 59.3 million players participating in fantasy sports in the country. The market size of the daily fantasy sports industry in the US alone is estimated at $0.3 billion. A considerable portion of fantasy sports players, around 24%, are willing to pay a buy-in fee to join a league. Moreover, 85% of fantasy sports players use a mobile device to access their account, and a majority of them (69%) are male. These statistics indicate the lucrative potential of the fantasy sports betting industry.
Sports betting analytics
|Total amount wagered in 2020||$21.5 billion||Statista|
|Number of sportsbooks in Las Vegas||60||Legalsportsreport|
|Percentage of sports betting revenue from football||40%||UNLV Center for Gaming Research|
Sports betting is a popular activity in Las Vegas, with a total of $21.5 billion wagered in 2020 alone. There are around 60 sportsbooks in Las Vegas which offer a wide range of betting options on various sports events. Football is the most popular sport for betting, generating 40% of the total revenue from sports betting.
Sports betting news
|Year||Total Amount Wagered (in billions)|
Sports betting has become increasingly popular over the years, especially in Vegas. In fact, the amount of money wagered on sports in Nevada has been steadily increasing since 2015. In 2019 alone, over 5.3 billion dollars were wagered on sports in the state. Vegas sport bet allows people to place bets on a variety of sports, including football, basketball, and baseball. Many sportsbooks in Vegas also offer in-game betting, allowing bettors to place bets on events that occur during the game. As the industry continues to grow, it is expected that the amount of money wagered on sports in Vegas will continue to increase. (Source: Nevada Gaming Control Board)