Nevada sportsbooks take first monthly loss in years

The house doesn't always win after all. In June, Nevada sportsbooks posted their first overall loss since July 2013.

With action suffering due to the coronavirus pandemic, the Nevada Gaming Control Board said sportsbooks posted a loss of $483,000 compared to winning $16.59 million during the same month last year.

The loss in July 2013 totaled $548,000.

Per the report, the sportsbooks lost $5.26 million on football last month due to the lack of futures bets. Also many people cashed in older futures tickets from 2019 as casinos began to reopen during the pandemic.

With baseball getting a late start, June profits from that sport dropped from more than $10 million in June 2019 to just $1.39 million last month.

--Field Level Media

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