Author: Anthony Vlahovic
Last Updated: 29 October, 2024
Nevada was offering legal sports betting both online and in retail form long before the Supreme Court overturned PASPA. While the variety of sportsbooks offered is impressive, there are certain gambling restrictions in NV that bettors need to keep in mind.
Is online sports betting legal in Nevada? | Yes |
Is in-person sports betting legal? | Yes |
Is daily fantasy sports legal? | Yes |
Is betting on college sports legal? | Yes |
Is horse racing betting legal? | Yes |
Is greyhound betting legal? | No |
Is political betting legal? | No |
Is eSports betting legal? | Yes |
There aren’t many limitations regarding what you can bet on in Nevada. Betting on college sports, including in-state colleges like UNLV, is available. Not only are there plenty of mobile betting apps available in NV, but customers can legally download and use daily fantasy sports apps.
While horse racing does not occur often in the state, betting on horse and greyhound racing is legal. The two things that cannot be wagered on in NV are politics and entertainment events like award shows. Betting on eSports is allowed, as Nevada was the first state to form a commission specifically for betting on that specific market.
With sports betting being around for as long as it has in Nevada, countless changes have occurred to the legislation. Since sports betting was legalized in 1949 in Nevada, there have been plenty of topics the state has needed to adjust to or make rules about as technology and the sports betting industry as a whole has grown.
Online betting has existed in Nevada since 2010, which is much longer than it has been around in any other state. Currently, there are 14 mobile betting apps, and most of them are specific to Nevada. While operators like BetMGM and Caesars have mobile apps in NV, operators like DraftKings, FanDuel, and ESPN Bet are not available in the state.
All available mobile betting apps in Nevada have at least one partnered retail facility, but many have far more than just one. One of the most significant differences between online betting in Nevada and most other states is that all these mobile apps require in-person registration. This calls for anyone trying to create a mobile betting account on an app to go in person to a partnered retail facility and complete the registration process.
This registration process requires a legal ID from any state, name, date of birth, address, and social security or tax ID number. Once this process is completed, the state’s sports betting legislation also requires bettors to make their first deposit onto the app in person, and the minimum deposit for each sportsbook will vary.
Some sportsbooks require in-person deposits and withdrawals even after the first deposit, while others allow customers to complete the process remotely. Big-name operators have made it clear that they oppose this in-person registration requirement. Still, many big players in the Nevada gaming industry support the law, so it will likely remain this way for now.
Sportsbook app | Retail casino partner |
---|---|
BetMGM | MGM Resorts |
Caesars Sportsbook by William Hill | Caesars Entertainment |
Circa Sports | Circa Resort & Casino |
William Hill | Former Cantor Technology properties |
Wynn Sports | Wynn Resorts |
Betfred | Mohegan Sun |
Boyd Sports | Boyd Gaming |
STN Sports | Station Casinos |
TI Sports | Treasure Island Hotel & Casino |
Westgate SuperBook | Westgate Las Vegas |
Rampart Sports (Nevada Sports) | Rampart Casino (Summerlin) |
South Point (Nevada Sports) | South Point Casino |
Atlantis | Atlantis Casino |
Peppermill | Peppermill Casino Reno NV |
CG Technology | M Resort Spa Casino |
Like most states, Nevada's legal gambling age is 21. While the state has an impressive variety of retail and mobile sportsbooks, bettors heading to Nevada must keep in mind one large restriction: the aforementioned lack of remote registration. The Nevada Gaming Control Board and the Nevada Gaming Commission enforce all rules and regulations.
For bettors in the state and the many bettors who are just passing through, the tax rate must also be kept in mind. Currently, all gambling winnings are subject to a tax rate of 6.75% on the state level, in addition to federal taxes.
The buck does not stop at sports betting in Nevada, which should go without saying with Las Vegas. Outside of sports betting in both retail and mobile formats, the state also offers social casinos, online poker, and even a state lottery. However, real-money online casinos are still unavailable in the Silver State.
Are online casinos legal in Nevada? | No |
Are retail casinos legal? | Yes |
Are social sportsbooks legal? | Yes |
Are sweepstakes/social casinos legal? | Yes |
Is online poker legal? | Yes |
Is the lottery legal? | Yes |
The launch date of sports betting in Nevada? | Online: 2010, Mobile: October 2011 |
How many legal sports betting apps are there in NV? | 14 |
How many legal retail betting sites are there in NV? | Over 150 |
Is remote registration allowed? | No |
Legal age for sports betting in Nevada? | 21+ |
Nevada's tax rate for betting/gambling winnings | 6.75% |
Who regulates sports betting in Nevada? | The Nevada Gaming Commission |
October 29, 2024: After suffering another loss, the LV Raiders will head to Cincinnati this weekend as (+7.5) point underdogs.
October 24, 2024: The Las Vegas Raiders are set to host the Kansas City Chiefs this weekend. Vegas is (+9.5) home underdogs.
October 22, 2024: Following a win over Oregon State, the UNLV Rebels will return home to hose Boise State as (+3) point home underdogs.
October 17, 2024: Looking to pick up their second straight win, the UNLV Rebels will head to Oregon State, where they are favored by (-7) over the Beavers.
October 14, 2024: In his first start of the season, Aidan O'Connell and the Raiders fell to the Steelers. Las Vegas will head on the road to LA this weekend to play the Rams as (+5.5) point underdogs.
October 10, 2024: Coming off their loss to Syracuse, the UNLV Rebels will head on the road to Utah State, where they are favored by (-19.5).
October 7, 2024: In their loss to the Broncos, the Raiders benched Gardner Minshew for Aidan O'Connell. The team has not announced their starter for their week six matchup against the Steelers, a game that has them listed as (+3) point underdogs.
September 25, 2024: Despite being 3-0, UNLV quarterback Matthew Sluka has decided to leave the team and redshirt this season over an NIL dispute. The Rebels will now start Hajj-Malik Williams at QB against Fresno State. Due to this change, UNLV has gone from (-3.5) to (-1.5) point favorites.
August 22, 2024: BetMGM Sportsbook has become the first operator that will allow NV residents to cross state lines into other legal gambling states and wager through a single digital wallet.
Retail sportsbooks in Nevada are some of the most built-up and impressive in the country. Finding a quality in-person betting experience is not difficult in Nevada, especially since there are close to 200 sportsbook locations across the state, most of which are in Las Vegas.
Since gambling has been legal in Nevada since 1949, the state and its operators have had plenty of time to build up their sportsbooks and adapt to today’s market. Westgate Sportsbook is a great example of this, as the shop has been open since 1969 and is still considered one of the country's best and biggest retail sportsbooks.
Top retail sportsbooks in NV | Location |
---|---|
Caesars Palace (Caesasrs) | 3950 S Las Vegas Blvd, Las Vegas |
MGM Grand (BetMGM) | 3799 S Las Vegas Blvd, Las Vegas |
Bellagio Hotel & Casino (BetMGM) | 3600 S Las Vegas Blvd, Las Vegas |
Mandalay Bay Resort & Casino (BetMGM) | 3950 S Las Vegas Blvd, Las Vegas |
Wynn Las Vegas (WynnBET) | 3131 S Las Vegas Blvd, Las Vegas |
The Mirage (BetMGM) | 3400 S Las Vegas Blvd, Las Vegas |
Circa Resort & Casino (Circa) | 8 E Fremont St., Las Vegas |
Planet Hollywood Resort & Casino (Caesars) | 3667 Las Vegas Blvd S, Las Vegas |
The Cosmopolitan of Las Vegas (BetMGM) | 3708 S Las Vegas Blvd, Las Vegas |
Circus Circus Hotel & Casino (William Hill) | 2880 S Las Vegas Blvd, Las Vegas |
Nevada has never seemed to have trouble attracting bettors to the state, but it certainly helps that three of its neighboring states don’t have legalized sports betting. Oregon and Arizona are the only states surrounding Nevada that offer some form of sports betting.
To find out more about whether sports betting could be coming to California, Idaho, and Utah in the near future, you can click on them down below.
State | Online sports betting | Retail sports betting | DFS | Horse Race betting |
---|---|---|---|---|
Utah | Illegal | Illegal | Legal | Illegal |
Oregon | Legal | Legal | Legal | Legal |
Idaho | Illegal | Legal (restricted) | Illegal | Legal |
California | Illegal | Legal (restricted) | Legal | Legal |
Arizona | Legal | Legal | Legal | Legal |
The licensing fee in Nevada is one of the lowest on the market, at $500. The Nevada Gaming Commission and Nevada Gaming Control Board oversee all matters regarding licenses and license violations. All retail and online operators must pay a tax rate of 6.75%, which ties them with Iowa for having one of the lowest tax rates in the country.
Since Nevada is known for gambling and sports betting, it’s no surprise the state has consistently averaged around $500+ million monthly in sports betting handle. As of right now, only two states have outdone Nevada in most sports betting revenue-based statistics, and these states are New Jersey and New York.
Despite being one of the top states for handle, revenue, and tax income, it would be interesting to see how much Nevada would make if the state allowed for remote registration. While it may not make them the top state in the country for sports betting earnings, it could help close the gap between them and NJ/NY.
Nevada sports betting record months:
Sports betting handle: October 2021 ($1,100,712,575)
Revenue: November 2021 ($71,971,000)
Tax income: November 2021 ($4,858,043)
Reported by the Nevada Gaming Control Board.
Total betting handle: $455,828,780
Mobile betting handle: $313,016,878
Retail betting handle: $142,811,902
Hold: 5.49%
Gross revenue: $25,025,000
Tax revenue for the state: $1,689,188
Report | Total handle | Mobile handle | Gross revenue | Taxes |
---|---|---|---|---|
August 2024 | $455,828,780 | $313,016,878 | $25,025,000 | $1,689,188 |
August 2023 | $431,002,381 | $316,762,590 | $18,102,000 | $1,221,885 |
YoY change | Up 5.76% | Down 1.18% | Up 38.24% | Up 38.24% |
As said, Nevada's sports betting revenue history goes way back. The table below shows how much revenue, handle, and tax income figures have evolved or declined during the present 2024 year. The bracketed percentage indicates the change compared to the previous month's figure.
Month | Handle (MoM) | Revenue (MoM) | Tax income |
---|---|---|---|
Aug. 2024 | $455,828,780 (21.26%) | $25,025,000 (-2.96%) | $1,689,188 |
Jul. 2024 | $375,918,367 (-21.94%) | $25,788,000 (-13.49%) | $1,740,690 |
Jun. 2024 | $481,567,044 (-6.56%) | $29,809,000 (-17.26%) | $2,012,108 |
May 2024 | $515,393,419 (-9.45%) | $36,026,000 (17.00%) | $2,431,755 |
Apr. 2024 | $569,168,207 (-27.52%) | $30,792,000 (3.46%) | $2,078,460 |
Mar. 2024 | $785,277,045 (10.31%) | $29,762,000 (-37.88%) | $2,008,935 |
Feb. 2024 | $711,887,073 (-9.06%) | $47,910,000 (-26.00%) | $3,233,925 |
Jan. 2024 | $782,817,412 (-7.13%) | $64,739,000 (9.60%) | $4,369,883 |
2024 Total YTD | $4,677,857,347 | $289,851,000 | $19,564,944 |
Year | Handle (YoY) | Revenue (YoY) | Tax income |
---|---|---|---|
2024 YTD | $4,677,857,347 | $289,851,000 | $19,564,944 |
2023 | $8,261,049,368 (-5.03%) | $481,393,000 (7.92%) | $32,494,031 (7.92%) |
2022 | $8,698,764,069 (6.82%) | $446,068,000 (0.21%) | $30,109,594 (0.21%) |
2021 | $8,143,225,091 (90.12%) | $445,145,000 (71.12%) | $30,047,290 (70.81%) |
2020 | $4,283,213,926 (-19.47%) | $260,130,000 (-20.94%) | $17,591,379 (-20.80%) |
2019 | $5,319,032,955 (76.05%) | $329,037,000 (69.67%) | $22,210,001 (69.67%) |
2018 | $3,021,343,530 | $193,931,000 | $13,090,344 |
TOTALS | $42,404,486,286 | $2,445,555,000 | $165,107,583 |
Nevada is a sports betting paradise, with close to 150 retail betting locations and 14 mobile betting apps. In addition to those options, bettors have access to racebooks for horse betting and daily fantasy sports apps.
Since June 2018, when the first sports betting revenue report was released, Nevada has made over $2.2 billion in sports betting revenue.
The largest gambling win in Nevada varies by which game it comes from, but when it comes to slots, the largest win is $39.7 million, which was won at the Excalibur Hotel in 2003.
The Las Vegas Raiders are the most prominent franchise in Nevada despite the team being formally located in Oakland.