Land-based sports betting has been legal in the U.S. state of Nevada since 1949. When the Professional and Amateur Sports Protection Act (PASPA) was passed by Congress in 1992, Nevada was handed a legal monopoly on single-game wagering in the United States. Meaning that for decades it was possible to play college sports betting, MLB sports betting, NBA sports betting, and live and off-track horse betting in the state. Nowadays, sports betting has also been legalized in other U.S. states. In May 2024, Nevada generated approximately 2.43 million U.S. dollars of tax revenue from sports betting, up from approximately 2.08 million U.S. dollars the previous month.
Sports betting tax revenue in Nevada from June 2018 to May 2024, by month
(in million U.S. dollars)
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LSR. (July 24, 2024). Sports betting tax revenue in Nevada from June 2018 to May 2024, by month (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1126159/monthly-sports-betting-tax-revenue-nevada/
LSR. "Sports betting tax revenue in Nevada from June 2018 to May 2024, by month (in million U.S. dollars)." Chart. July 24, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1126159/monthly-sports-betting-tax-revenue-nevada/
LSR. (2024). Sports betting tax revenue in Nevada from June 2018 to May 2024, by month (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1126159/monthly-sports-betting-tax-revenue-nevada/
LSR. "Sports Betting Tax Revenue in Nevada from June 2018 to May 2024, by Month (in Million U.S. Dollars)." Statista, Statista Inc., 24 Jul 2024, https://www.statista.com/statistics/1126159/monthly-sports-betting-tax-revenue-nevada/
LSR, Sports betting tax revenue in Nevada from June 2018 to May 2024, by month (in million U.S. dollars) Statista, https://www.statista.com/statistics/1126159/monthly-sports-betting-tax-revenue-nevada/ (last visited November 21, 2024)
Sports betting tax revenue in Nevada from June 2018 to May 2024, by month (in million U.S. dollars) [Graph], LSR, July 24, 2024. [Online]. Available: https://www.statista.com/statistics/1126159/monthly-sports-betting-tax-revenue-nevada/
