Thursday, April 18, 2024
Nevada Sports Books Lose $6.6 Million on NHL Bets

Nevada Sports Books Lose $6.6 Million on NHL Bets

Las Vegas Celebrates Stanley Cup Victory

Las Vegas wanted hockey. Las Vegas got hockey.

Vegas won the Stanley Cup this year over Florida, the Golden Knights winning in their sixth year of existence.

And Nevada sports books paid the price.

According to the Nevada Gaming Control Board, sports books in the state lost $6.6 million in June. Since the state started tracking hockey handle in January 2020, the $6.6 million is the state’s biggest loss in the sport.

“Yeah, that’s a significant loss for a sports betting category, definitely,” Michael Lawton, senior economic analyst for the Nevada Gaming Control Board, told The Los Angeles Times.

People in Nevada bet $323 million on hockey in June, with the majority of the money going on the hometown Golden Knights. All five games of the Stanley Cup finals were played in June.

Overall in June, sports books won won just $9.5 million in June, which gambling reporter Ben Fawkes said was down 60 percent from last year. 

Nevada casinos typically win between 4 and 6 percent on sports each month. The June win rate reportedly was 1.98 percent, according to Fawkes.

What’s going to happen if the Las Vegas Raiders ever win a Super Bowl?

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Pittsburgh Hockey Now: Goalie Matt Murray provides cautionary tale for NHL general managers.

San Jose Hockey Now: Long-time front office executive talks risk-reward of Sharks keeping Erik Karlsson.

Vegas Hockey Now: Bruins’ Patrice Bergeron passing torch to Golden Knights’ Jack Eichel.

Washington Hockey Now: It didn’t take long for free agent to know Capitals were a good fit.

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