![]() ![]() The handle skyrocketed to $8.1 billion in 2021 and to $8.7 billion in 2022, almost doubling the figure from the final pre-PASPA year of 2017 and more than tripling the total from 2010. But bettors have since come back with a vengeance. The number dropped to $4.3 billion in 2020, when the COVID-19 pandemic closed casinos and sidelined sports. The state’s sports betting handle, or amount of money wagered, surpassed $5 billion for the first time in 2018 and set a state record for the 10th straight year in 2019, when books took $5.3 billion in bets. On the fifth anniversary of the May 14, 2018, repeal of the Professional and Amateur Sports Protection Act (PASPA) - which paved the way for other states to offer sports betting - any fears that it would have a negative impact on Nevada, largely Las Vegas, have proven to be unfounded. ![]() Supreme Court struck down the federal ban on sports betting, ending Nevada’s virtual monopoly on the market, business is booming at the state’s sportsbooks. (Rachel Aston/Las Vegas Review-Journal) years after the U.S. Attendees react to Super Bowl LVII at Caesars Palace sportsbook in Las Vegas, Sunday, Feb. ![]()
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