Why Nevada has slipped to 10th for sports betting revenue

Why Nevada has slipped to 10th for sports betting revenue

Article brief provided by The Nevada Independent
  • Howard Stutz , The Nevada Independent
February 28, 2024 4:36 PM
  • Howard Stutz , The Nevada Independent

A sports fan sitting in a Phoenix-area restaurant can download any of the dozen sports betting apps licensed by Arizona gaming regulators, fill out the customer data and credit card information and immediately start wagering on college and professional sports.

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A sports fan in Las Vegas can go through a similar process but with one added step: The customer has to complete the sign-up at a licensed sportsbook associated with the app.

Analysts said the lack of the technology, known as remote registration, serves as a detriment to Nevada’s sports betting industry and is one of the factors in seeing the Silver State, once the leader for the activity, fall to 10th place for annual revenue behind more populous sports betting states that have legalized the activity since 2018.