Las Vegas Sports Betting - How Much Do Casinos Make?
If you are a fan of sports betting you will LOVE Las Vegas. Being the only state in the union that allows legal betting on all of the major individual sports leagues and events, Las Vegas draws thousands of sports bettors year round. Almost all Las Vegas casinos feature a sportsbook and a number of big screen TVs which creates a great sports betting environment.
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Although sports betting has one of the lower win percentages for casinos, it still draws millions in revenue for Vegas casinos year round. The most popular sports betting event in Las Vegas is by far the Super Bowl, which draws thousands of sports bettors each February to bet on the big game. Not far behind the Super Bowl is the March Madness college basketball tournament which also draws some big numbers to Vegas to bet on the event.
With the popularity of online sportsbooks increasing there is no doubt that the Las Vegas sportsbooks are losing a little bit of business, but they are always going to bring in some great numbers for casinos. I do my sports betting online daily of course, but I love making a trip down to Vegas to bet on some sports and have some fun, and I know a lot of sports bettors are the same.
Sportsbooks that take US bets and publish their sign-up terms
These books accept US customers and state the rollover attached to the sign-up offer. Free-bet offers and deposit matches are listed on the same basis so the numbers are comparable line by line.
- 1
Bovada 9.6Online since 2011 · Sportsbook + poker + casino · Crypto · 10–15 min
Crypto acceptedSportsbookPoker roomFrom $10Curacao licenceCrypto sports welcome: 75% up to $750 with a 5x rolloverWagering 5x · Minimum deposit $10 · Code BTCSWB750Bonus detail
Welcome offer Crypto sports welcome: 75% up to $750 with a 5x rollover Wagering 5x Minimum deposit $10 Bonus code BTCSWB750 Withdrawals Crypto · 10–15 min Licence Curacao Banking
Deposit routes: Crypto, Card, Wire
Cryptocurrencies supported: 2
Typical withdrawal: Crypto · 10–15 min. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.
Pros and cons
What works- Crypto cashier for same-day withdrawals
- Sportsbook, poker room and casino share one balance
- Welcome offer triggers from a $10 deposit
Watch for- No free spins attached to the welcome offer
- Short coin list — crypto limited to the majors
- Offer only applies if the code BTCSWB750 is entered on deposit
- 2
BetOnline 9.3Online since 2001 · Sportsbook + poker + casino · Crypto · 3–5 min
Crypto acceptedSportsbookPoker roomFrom $20Panama Gaming Control Board licenceSports welcome: 50% free bet up to $250Minimum deposit $20 · Code FREE250Bonus detail
Welcome offer Sports welcome: 50% free bet up to $250 Minimum deposit $20 Bonus code FREE250 Withdrawals Crypto · 3–5 min Licence Panama Gaming Control Board Banking
Deposit routes: Crypto, Card, Wire
Cryptocurrencies supported: 2
Typical withdrawal: Crypto · 3–5 min. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.
Pros and cons
What works- Crypto cashier for same-day withdrawals
- Sportsbook, poker room and casino share one balance
- Welcome offer triggers from a $20 deposit
- Trading since 2001, one of the longest US-facing records
Watch for- No free spins attached to the welcome offer
- Short coin list — crypto limited to the majors
- Offer only applies if the code FREE250 is entered on deposit
- 3
BetUS 9.0Online since 1994 · Sportsbook + casino · Crypto · 0–1h
Crypto acceptedSportsbookFrom $100Curacao licenceSports welcome: 125% up to $2,500 (100% sportsbook + 25% casino)Wagering 14x sports · Minimum deposit $100 · Code JOIN125Bonus detail
Welcome offer Sports welcome: 125% up to $2,500 (100% sportsbook + 25% casino) Wagering 14x sports Minimum deposit $100 Bonus code JOIN125 Withdrawals Crypto · 0–1h Licence Curacao; Comoros Gambling License Authority Banking
Deposit routes: Crypto, Card, Wire
Cryptocurrencies supported: 2
Typical withdrawal: Crypto · 0–1h. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.
Pros and cons
What works- Crypto cashier for same-day withdrawals
- One account covers the sportsbook and the casino
- Trading since 1994, one of the longest US-facing records
- Headline offer runs to $2,500
Watch for- Needs $100 in to claim the welcome offer
- No free spins attached to the welcome offer
- Short coin list — crypto limited to the majors
- 4
Sports welcome: 100% up to $200 (crypto) / 50% up to $200 (card)Wagering 10x · Minimum deposit $45 · Code XBCRYPTO100Bonus detail
Welcome offer Sports welcome: 100% up to $200 (crypto) / 50% up to $200 (card) Wagering 10x Minimum deposit $45 Bonus code XBCRYPTO100 Withdrawals Crypto · instant Banking
Deposit routes: Crypto, Card, Wire
Cryptocurrencies supported: 1
Typical withdrawal: Crypto · instant. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.
Pros and cons
What works- Crypto cashier for same-day withdrawals
- One account covers the sportsbook and the casino
Watch for- Needs $45 in to claim the welcome offer
- No free spins attached to the welcome offer
- Short coin list — crypto limited to the majors
- 5
MyBookie 8.3Online since 2014 · Sportsbook + casino · Crypto · 0–1h
3 cryptocurrenciesSportsbookFrom $50Sports welcome: 100% up to $1,000Wagering 10x · Minimum deposit $50 · Code MYB100Bonus detail
Welcome offer Sports welcome: 100% up to $1,000 Wagering 10x Minimum deposit $50 Bonus code MYB100 Withdrawals Crypto · 0–1h Banking
Deposit routes: Crypto, Card, Wire
Cryptocurrencies supported: 3
Typical withdrawal: Crypto · 0–1h. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.
Pros and cons
What works- Crypto cashier for same-day withdrawals
- One account covers the sportsbook and the casino
Watch for- Needs $50 in to claim the welcome offer
- No free spins attached to the welcome offer
- Offer only applies if the code MYB100 is entered on deposit
- 6
SportsBetting.ag 8.0Online since 2003 · Sportsbook + poker + casino · Crypto · 10–15 min
4 cryptocurrenciesSportsbookPoker roomFrom $50Panama Gaming Control Board licenceSports welcome: 50% up to $250 in free bets plus 100 free spinsMinimum deposit $50 · No code neededBonus detail
Welcome offer Sports welcome: 50% up to $250 in free bets plus 100 free spins Minimum deposit $50 Bonus code None required Withdrawals Crypto · 10–15 min Licence Panama Gaming Control Board Banking
Deposit routes: Crypto, Card, Wire
Cryptocurrencies supported: 4
Typical withdrawal: Crypto · 10–15 min. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.
Pros and cons
What works- Banks in 4 cryptocurrencies, so withdrawals clear in minutes
- Sportsbook, poker room and casino share one balance
- Trading since 2003, one of the longest US-facing records
Watch for- Needs $50 in to claim the welcome offer
- No free spins attached to the welcome offer
Advertising disclosure. Links marked “Visit” are commercial and we may be paid when you open an account through them. That does not change the order above: it follows the offer terms, the banking and the operating record. 21+ only. Gambling should be entertainment, never income — if it stops being that, call 1-800-GAMBLER.
Las Vegas Sports Betting Revenue
Below are the numbers that Las Vegas casinos made in revenue from sports betting in 2009:
Overall
- Total Amount Bet – $2.4 Billion
- Total Casino Win (revenue) – $136.3 Million
- Win Percentage (percent of money played that casino kept) – 5.31%
Football
- Total Amount Bet – $1.0 Billion
- Total Casino Win – $48.6 Million
- Win Percentage – 4.45%
Basketball
- Total Amount Bet – $802.5 Million
- Total Casino Win – $38.2 Million
- Win Percentage – 4.76%
Baseball
- Total Amount Bet – $488.5 Million
- Total Casino Win – $21.4 Million
- Win Percentage – 4.38%
Parlay Cards
- Total Amount Bet – $58.9 Million
- Total Casino Win – $19.2 Million
- Win Percentage – 32.57%
Other
- Total Amount Bet – $126.0 Million
- Total Casino Win – $8.8 Million
- Win Percentage – 6.98%
The only games which brought in more money were 3 card poker, roulette, craps, baccarat, blackjack, and slot machines. It seems as bettors do well with sports betting as the casino only has a 5.31% win percentage, compared to 11.31% for blackjack, and 12.04% for all table games.
Some Other Revenue Numbers:
From 1984 to 2011 Nevada has done pretty well for themselves…
- Total amount bet on sports in Nevada since 1984: $57,274,051,000 ($57.3 billion)
- Total amount won by Nevada sports books since 1984: $2,613,725,000 ($2.6 billion)
Since 1992 baseball betting has been the most profitable for bettors…
- Average win percentage on football since 1992: 4.53%
- Average win percentage on basketball since 1992: 4.69%
- Average win percentage on baseball since 1992: 3.01%
- Average win percentage on parlays since 1992: 29.71%
- Average win percentage on “other” since 1992: 5.48%
Las Vegas rarely has a losing month when it comes to football, but it does happen. Here is a list of some losing regular season football months for Nevada sports books:
- November 2012: -$5.29 million
- October 2012: -$6.23 million
- November 2010: -$2.48 million
- December 2005: -$3.31 million
- November 2005: -$11.28 million
How to Read Las Vegas Odds Boards
Las Vegas Sportsbooks
- • Aria
- • Arizona Charlie’s Decatur
- • Arizona Charlie’s Boulder
- • Bally’s
- • Barley’s
- • Bellagio
- • Bill’s Gamblin’ Hall and Saloon
- • Boulder Station
- • Buffalo Bill’s
- • Caesars Palace
- • California
- • Casino MonteLago
- • Circus Circus
- • Ellis Island
- • Excalibur
- • Fiesta Rancho
- • Fiesta Henderson
- • Fitzgeralds
- • Flamingo
- • Fremont
- • Gold Coast
- • Golden Gate
- • Golden Nugget
- • Green Valley Ranch
- • Hard Rock Hotel Casino
- • Harrah’s
- • Las Vegas Hilton
- • Hooters
- • Imperial Palace
- • Luxor
- • M Resort
- • Mandalay Bay
- • MGM Grand
- • Mirage
- • Monte Carlo
- • New York-New York
- • Orleans
- • Palace Station
- • Palazzo
- • Palms
- • Paris
- • Planet Hollywood
- • Plaza
- • Primm Valley
- • Railroad Pass
- • Red Rock Resort
- • The Rampart Casino
- • Rio
- • Riviera
- • Sahara
- • Sam’s Town
- • Santa Fe Station
- • Silverton
- • Skyline
- • South Point
- • Stratosphere
- • Suncoast
- • Sunset Station
- • Texas Station
- • Treasure Island
- • Tropicana
- • Venetian
- • Wild Wild West
- • Wynn
- Resources:
- David G. Schwartz. Nevada Sports Betting Totals: 1984-2011. Las Vegas: Center for Gaming
- Research, University Libraries, University of Nevada Las Vegas, 2012.