It is no secret that Las Vegas is a city built on gambling. In fact, Sin City has made a name for itself by catering to people who love to place bets. But what may come as a surprise is how much money Vegas rakes in from different gambling activities. In this article, we will look at the sport that brings in the most money for the city and why it is so popular among bettors. We will also explore some other major sports that generate revenue for Vegas and examine how they stack up against one another. So without further ado, let’s get started!
Las Vegas’s Expansion into Sports Betting
Sports betting has recently become one of the most popular forms of gambling in Las Vegas. According to a report from the American Gaming Association, the total amount wagered on sports in Nevada was $4.87 billion in 2017 – an all-time high. This figure represents a 4.1% increase from the previous year and a staggering 15% increase from 2015. The rapid growth of sports betting in Vegas can be attributed to the city’s expansion into this area. In 2017, the state of Nevada passed a law that made it legal for casinos to accept wagers on single games (previously, only parlay bets were allowed). This move opened up a whole new world of possibilities for Vegas sportsbooks and resulted in a boom in business.
Basketball is the Most Popular Sport in Vegas
While football may be the most popular sport in the United States, basketball is the king when it comes to gambling. In fact, more bets are placed on basketball than any other sport in Vegas. According to the AGA report mentioned earlier, $1.38 billion was wagered on basketball games in 2017 – a full 29% of all money wagered on sports in Nevada. This shouldn’t come as too much of a surprise when you consider that the NBA is one of the most popular leagues in the world and attracts a huge global audience. Bettors from all over the world flock to Vegas to place wagers on NBA games.
What’s more, basketball is a relatively easy sport to bet on. There are only two possible outcomes (a win or a loss), and the point spread is usually fairly straightforward. This simplicity makes basketball an ideal sport for first-time bettors, which may explain why it is so popular in Vegas.
NFL Comes in a Close Second
Monday night football odds are constantly buzzing in the Sinc City. While basketball may be the most popular sport in Vegas, football is a close second. According to the AGA report, $1.31 billion was wagered on NFL games in 2017 – just 3% less than what was bet on basketball. The popularity of football betting can be attributed to the fact that the NFL is the most popular sport in the United States. Americans love to bet on their favorite teams, and there is no shortage of action in the NFL.
Furthermore, because it is such a popular game, there are a large number of ways to bet on football. From basic moneyline bets to more complex prop bets, there are several different ways to wager on a football game. This variety allows punters to pick and choose from many options, which keeps the action gripping.
Other Popular Sports in Vegas
While basketball and football may be the most popular sports in Vegas, they are far from the only ones that people bet on. Other popular sports include baseball, hockey, golf, and boxing. According to the AGA report, $941 million was wagered on baseball games in 2017, $563 million on hockey games, $482 million on golf tournaments, and $341 million was wagered on golf tournaments wagered on boxing matches.
As you can see, there is no shortage of action regarding gambling in Vegas. No matter your favorite sport, you can be sure that people are betting on it in Sin City. There are lots of cheap apartments for rent in las vegas nv so finding accommodations in the city is not a problem.
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