{"id":8899,"date":"2024-07-02T19:46:13","date_gmt":"2024-07-02T19:46:13","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=america&p=8899"},"modified":"2024-07-02T19:46:14","modified_gmt":"2024-07-02T19:46:14","slug":"why-nevada-now-trails-neighboring-arizona-in-sports-betting","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/","title":{"rendered":"Why Nevada now trails neighboring Arizona in sports betting."},"content":{"rendered":"\n

For decades, Nevada was the nation\u2019s only state where sports betting was legal. A Supreme Court decision last decade changed that. Today, sports betting revenue is just a fraction of the state\u2019s overall gaming total. Arizona, our neighbor to the southwest, recently surpassed Nevada in the nation\u2019s sports betting ranks. It surely won\u2019t be the last.<\/em><\/p>\n\n\n\n

The ink wasn\u2019t even dry on the U.S. Supreme Court\u2019s 2018 ruling that opened the door for states to legalize sports betting when predictions began surfacing about the Nevada market\u2019s expected tumble in rankings.<\/p>\n\n\n\n

Six years later, Nevada is not even the leading sports betting state in the Southwest. <\/p>\n\n\n\n

\"\"\/<\/a><\/figure>\n\n\n\n

That distinction now belongs to Arizona. <\/strong><\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Just 32 months after Arizona sportsbooks launched sports betting, April marked the first month ever that they took in more wagers than their Nevada counterparts. Nevada sportsbooks took in almost $569.3 million in sports wagers through the month while Arizona operators booked $656.3 million in bets. <\/p>\n\n\n\n

Eliers & Krejcik Gaming analyst Chris Krafcik<\/a> said April\u2019s results will be the new normal for Nevada, which was the only state with legal sportsbooks before the Supreme Court\u2019s May 2018 decision to throw out the 1992 Professional and Amateur Sports Protection Act (PASPA).<\/p>\n\n\n\n

\u201cNevada and Arizona share a border, but their sports betting markets are not comparable,\u201d<\/em> said Krafcik, who follows sports betting and digital gaming for the Southern California advisory firm.<\/p>\n\n\n\n

Arizona, with its Phoenix metropolitan area population of more than 5 million \u2014 the 10th largest city in the nation \u2014 draws wagers from its residents, while the tourist market drives sports betting in Nevada, according to Krafick.<\/p>\n\n\n\n

Also contributing to Arizona\u2019s ranking is how residents wager: 99 percent of the bets are made through mobile apps. Arizona has a few in-person tribal casino sportsbooks and sports betting venues connected to the Phoenix sports stadiums that are operated by FanDuel, DraftKings, BetMGM and Caesars Sportsbook.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

The biggest difference between sports betting markets in Arizona and Nevada? The Grand Canyon state\u2019s gaming laws allow for remote registration to sign up for online sports betting, while Nevada still requires prospective sports gamblers to register in person.<\/p>\n\n\n\n

Growth of Nevada\u2019s mobile sports betting business, which still accounted for 65.8 percent of all sports wagers in 2023, is hamstrung by the in-person registration requirement \u2014 most of the 38 states that have legalized sports betting allow remote registration.<\/p>\n\n\n\n

Krajcik said Nevada\u2019s lack of remote registration has reduced the sports wagering totals from visitors and has contributed to keeping the nation\u2019s two leading sports betting operators, FanDuel and DraftKings, away from directly operating in the state.<\/p>\n\n\n\n

Many Nevada casino operators, led by Red Rock Resorts and others with large sportsbooks, have long opposed remote registration in favor of in-person signups. Gaming executives have said they have invested millions of dollars into their sportsbooks, which serve as a draw for customers who also spend money at non-gaming amenities, such as restaurants.<\/p>\n\n\n\n

They also point out that sports betting is just a small part of the Nevada gaming industry\u2019s overall revenue stream \u2014 only 3 percent of last year’s record-breaking statewide total of $15.5 billion. Nationally in 2023, sports betting revenue of $11 billion was 16.5 percent of the overall gaming revenue of $66.6 billion, according to the American Gaming Association.<\/p>\n\n\n\n

But not everyone feels that way. MGM Resorts International CEO Bill Hornbuckle \u2014 whose company also operates a combination sportsbook, sports bar and tavern in Glendale, Arizona \u2014 expressed support for remote sports betting registration in 2021, calling the current system \u201carcane.\u201d He has not backed away from that opinion.<\/p>\n\n\n\n

\"\" Customers wait in line to bet<\/p>\n\n\n\n

Chris Altruda, who writes for the sports betting news website SportsHandle<\/em><\/a>, suggested the Arizona market\u2019s increase came from Phoenix\u2019s hosting of the NCAA Men\u2019s Basketball Tournament\u2019s Final Four at State Farm Stadium from April 6-8.<\/p>\n\n\n\n

Nevada took in almost $8.3 billion in sports wagers in 2023, trailing New York ($19.2 billion), New Jersey ($12 billion) and Illinois ($11.6 billion) as the largest sports betting states. Arizona trailed Nevada by three spots with $6.57 billion in wagers.<\/p>\n\n\n\n

However, Arizona\u2019s sports betting revenue was $557 million in 2023, compared to Nevada\u2019s $481.3 million, which was a single-year record for the Silver State.<\/p>\n\n\n\n

With college football and the NFL seasons roughly 10 weeks away, Altruda suggested Arizona could remain ahead of Nevada, especially if recently launched sports betting apps from Fanatics and ESPN perform ahead of expectations.<\/p>\n\n\n\n

Krafcik said the gap between Arizona and Nevada will widen if the status quo continues. He predicted the Nevada market would settle in the $500 million to $600 million range for annual sports betting revenue, with Arizona reaching between $700 million to $800 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

For decades, Nevada was the nation\u2019s only state where sports betting was legal. A Supreme Court decision last decade changed that. Today, sports betting revenue is just a fraction of the state\u2019s overall gaming total. Arizona, our neighbor to the southwest, recently surpassed Nevada in the nation\u2019s sports betting ranks. It surely won\u2019t be the […]<\/p>\n","protected":false},"author":1,"featured_media":8900,"menu_order":218,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-8899","america","type-america","status-publish","format-standard","has-post-thumbnail","entry"],"yoast_head":"\nWhy Nevada now trails neighboring Arizona in sports betting. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Nevada now trails neighboring Arizona in sports betting. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"For decades, Nevada was the nation\u2019s only state where sports betting was legal. A Supreme Court decision last decade changed that. Today, sports betting revenue is just a fraction of the state\u2019s overall gaming total. Arizona, our neighbor to the southwest, recently surpassed Nevada in the nation\u2019s sports betting ranks. It surely won\u2019t be the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-02T19:46:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/why-nevada-now-trails-neighboring-arizona-in-sports-betting.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1149\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/\",\"name\":\"Why Nevada now trails neighboring Arizona in sports betting. - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/why-nevada-now-trails-neighboring-arizona-in-sports-betting.jpg\",\"datePublished\":\"2024-07-02T19:46:13+00:00\",\"dateModified\":\"2024-07-02T19:46:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#primaryimage\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/why-nevada-now-trails-neighboring-arizona-in-sports-betting.jpg\",\"contentUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/why-nevada-now-trails-neighboring-arizona-in-sports-betting.jpg\",\"width\":1200,\"height\":1149},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Americas\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/america\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Why Nevada now trails neighboring Arizona in sports betting.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/\",\"name\":\"Mundo Video Entertainment | Casino News in Latin America and the World\",\"description\":\"Gambling news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why Nevada now trails neighboring Arizona in sports betting. - Mundo Video Entertainment | Casino News in Latin America and the World","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/","og_locale":"en_US","og_type":"article","og_title":"Why Nevada now trails neighboring Arizona in sports betting. - Mundo Video Entertainment | Casino News in Latin America and the World","og_description":"For decades, Nevada was the nation\u2019s only state where sports betting was legal. A Supreme Court decision last decade changed that. Today, sports betting revenue is just a fraction of the state\u2019s overall gaming total. Arizona, our neighbor to the southwest, recently surpassed Nevada in the nation\u2019s sports betting ranks. It surely won\u2019t be the […]","og_url":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/","og_site_name":"Mundo Video Entertainment | Casino News in Latin America and the World","article_modified_time":"2024-07-02T19:46:14+00:00","og_image":[{"width":1200,"height":1149,"url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/why-nevada-now-trails-neighboring-arizona-in-sports-betting.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/","url":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/","name":"Why Nevada now trails neighboring Arizona in sports betting. - Mundo Video Entertainment | Casino News in Latin America and the World","isPartOf":{"@id":"https:\/\/www.mundovideo.com.co\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#primaryimage"},"image":{"@id":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/why-nevada-now-trails-neighboring-arizona-in-sports-betting.jpg","datePublished":"2024-07-02T19:46:13+00:00","dateModified":"2024-07-02T19:46:14+00:00","breadcrumb":{"@id":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#primaryimage","url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/why-nevada-now-trails-neighboring-arizona-in-sports-betting.jpg","contentUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/why-nevada-now-trails-neighboring-arizona-in-sports-betting.jpg","width":1200,"height":1149},{"@type":"BreadcrumbList","@id":"https:\/\/www.mundovideo.com.co\/en\/america\/why-nevada-now-trails-neighboring-arizona-in-sports-betting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/www.mundovideo.com.co\/en\/"},{"@type":"ListItem","position":2,"name":"Americas","item":"https:\/\/www.mundovideo.com.co\/en\/america\/"},{"@type":"ListItem","position":3,"name":"Why Nevada now trails neighboring Arizona in sports betting."}]},{"@type":"WebSite","@id":"https:\/\/www.mundovideo.com.co\/en\/#website","url":"https:\/\/www.mundovideo.com.co\/en\/","name":"Mundo Video Entertainment | Casino News in Latin America and the World","description":"Gambling news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/america\/8899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/america"}],"about":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/types\/america"}],"author":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/comments?post=8899"}],"version-history":[{"count":1,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/america\/8899\/revisions"}],"predecessor-version":[{"id":8901,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/america\/8899\/revisions\/8901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media\/8900"}],"wp:attachment":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media?parent=8899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/categories?post=8899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/tags?post=8899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}