Nevada is a different animal from the rest of the states that have gambling. The monthly and annual revenue reports from the gaming control board break out how much money was wagered on just about every game in different sections of the state.
Even states with strict oversight don’t offer as much information. One of our favorite monthly tweets is when ESPN gambling writer David Purdum breaks out who much money Nevada casinos win by the game.
Nevada casino March winnings:
Penny slots $283.3m
[Per Nevada Gaming Control]
— David Payne Purdum (@DavidPurdum) April 30, 2018
Most will notice that sports betting win is usually close to the bottom of the list of all the games in Nevada. While we may not see the same detail from other states, the breakdown of sports betting will be different in every state. New Jersey currently has three line items in its monthly revenue reports.
- Table and other games
- Slot machines
Sports should be a fourth line item when legal sportsbooks can take bets. Sadly, Purdum won’t be able to break out the penny slot machines from the quarter or dollar slot machines in New Jersey. Sports betting in Nevada is very different.
States on the east coast are hubs for major league teams. New Jersey could be the first state to take wagers on sports as soon as Memorial Day weekend. Until New York and Pennsylvania have legal betting markets, New Jersey will be home to anyone looking to make legal sports bets in the area.
Unlike Nevada, New Jersey has a large pool of regional professional teams with large fanbases that already gamble. Not everyone will leave their bookies or offshore accounts but these states should feed gamblers into New Jersey for some action.
Without touching on the western parts of the states the following professional major league teams are located in New York City, Philadelphia and New Jersey.
New Jersey is in a unique position to be a short drive for any of these fans that want to wager on their favorite team. The splits of their gambling revenue shouldn’t be the same as Nevada or most other states.
Regional sports betting won’t be quite the same in other states that will legalize sports betting. Besides having fewer teams there will be a seasonality to sports betting. Mississippi is also expected to be one of the first states to legalize gambling. While New Jersey is close to major league sports teams playing all year long, Mississippi might have a sports betting base that mostly wagers during football season.
The south is all about college football and Mississippi is bordered by some of the most rabid college football states:
Mississippi is a hotbed of college football fans as well and shouldn’t be forgotten. NASCAR and college hoops should also be a big part of sports betting in this region but the state should see a spike in sports betting revenue between late August and early February during college football season.
The landscape of regional sports betting will be interesting to watch and compare. I’m not sure March Madness in Atlantic City is as exciting as Spring Break AND March Madness in Las Vegas, but we all have priorities.