Nevada Sports Betting: Best Nevada Sportsbooks November 2024

Closer Look at the Best Online Sportsbooks in Nevada

Is Sports Betting Legal in Nevada?

Nevada has the oldest sports betting market in the United States. Legal sports betting was introduced to the state in 1947 after Governor Vail Pittman’s approval of SB 146. PASPA was passed in 1992, prohibiting the legalization of sports betting across the US. However, states that already had legislation were exempted, like Nevada. 

Nevada enjoyed an exclusive hold over the sports betting industry for many years, especially with the launch of online sportsbooks in 2010. This came to an end in 2018 when the Supreme Court overturned PASPA. 

Nevada has the highest number of retail sportsbooks, with over 180 locations across the state, mostly in Las Vegas. There are also 13 online sportsbooks now available. To set up an online sports betting account, you must visit a retail location and show your ID. Remote registration has not been legalized in Nevada.

How to Get Started

Setting up an account and placing your first bet on a Nevada sportsbook is a standard process across the different platforms, although it does require a little more effort than in some states that allow fully remote sign up. Here’s a simplified guide to get you started with betting:

1. Select a sportsbook - Begin by choosing a trustworthy platform that is legal and licensed in Nevada. This ensures a safe and secure betting environment for you. All the sportsbooks mentioned on this page are licensed regulated in Nevada. 

2. Complete the sign up form online - The initial registration process at a sportsbook is relatively straightforward. You’ll need to provide basic information like your full name, date of birth, email, and password.

3. Verify your identity in person - Nevada requires all online bettors to verify their identity in person by bringing their ID to the physical sportsbook or casino. Once the initial online form is complete, you just need to complete this step to fully activate your account. 

4. Take advantage of the welcome bonus - Remember to read the terms and conditions thoroughly beforehand.

5. Fund your account - If you want to place a bet, you’ll have to load up your account. Head to the cashier section and choose your preferred payment method. The minimum deposit is generally around $10, but this can vary. You can also top up your account in-person, using cash or various other methods.

6. Place your bets - You can now browse the available sports markets to choose where to place your first bet. Add it to your bet slip, decide on the amount you want to stake, and confirm your bet.

7. Cash out your winnings - If your bet wins, you can withdraw your winnings, usually via the same payment method that you first used to deposit. Keep in mind any withdrawal conditions, processing times, and limits.

Nevada Sportsbook Promotions

Nevada sportsbooks offer an array of promotions designed to draw in and keep bettors engaged. Welcome bonuses are particularly generous, offering a great chance for newcomers to familiarize themselves with a platform.

Here are the typical kinds of welcome bonuses found at sportsbooks:

Bonus Bets

Bonus bets are a kind of betting voucher that can be used exclusively on a sportsbook. They can only be used to place bets and not withdrawn. As welcome bonuses, they are usually triggered after an initial deposit or wager, which tends to be a smaller amount. Therefore, they are a great option for those who want a low-risk yet high-reward offer.

Second Chance Bets

Second-chance bets provide a safety net for your first wager. If your initial bet fails to win, the sportsbook will refund you up to a specific limit. The bonus is awarded in bonus bets, meaning you’ll need to place another wager before withdrawing any potential winnings. This offer is ideal if you’re looking to place a large bet immediately or are hesitant about your first wager.

Deposit Match Bonuses

Here, the sportsbook will match a certain percentage of your initial deposit up to a specified limit. Therefore, the larger your deposit, the greater your bonus. These matched funds will usually be in bonus bets or site credits. The bonus suits bettors who want to make a big deposit upfront. 

No-Deposit Bonuses

To claim a no-deposit bonus, you’re not required to make a deposit or bet. All you have to do is register for the sportsbook. It’s important to remember that extra conditions are usually tied to withdrawing your winnings, like making a real money deposit later. As a free bonus, it tends to be lower, ranging from $10 to $20.

What Sportsbook Apps Are Available in Nevada?

Mobile sportsbooks allow you to effortlessly bet from anywhere, anytime, using your smartphone or tablet. These platforms offer unbeatable flexibility and convenience for placing bets.

Here are the best sportsbook apps in Nevada:

1. Caesars Sportsbook - 4.6/5 (iOS); 4.2/5 (Android)

2. BetMGM - 4.8/5 (iOS); 4.1/5 (Android)

What Betting Markets Are Available in Nevada?

Many different sports and betting markets can be explored at Nevada’s sportsbook. The state has 13 different sportsbooks, each offering a variety of bet types. As a beginner, this might be confusing at first, but we’ve outlined the main kinds of bets you might come across:

Moneyline

A moneyline is a popular bet in which you predict which team or player will win a game. The payout on moneyline bets is based on the odds set by the sportsbook. It's important to know how to read odds lines in short, positive odds indicate the underdog, while negative odds show the team expected to win. Take the following, for example:

• Denver Broncos (+124)

• Las Vegas Raiders (-148)

Here, the Raiders are the favorite, meaning you’d have to stake $148 to win $100, bringing your total to $248. On the other hand, you would have to place a $100 bet on the Broncos to make a profit of $124 for a total payout of $224 if they win.

Point Spreads

Here, you are betting on the margin of victory rather than the outcome. The sportsbook sets a spread of points. The favorite team has to win by more than the spread, while the underdog has to win outright or avoid losing by less than the spread. Here is an example:

• DEN Broncos +2.5 (-110)

• LV Raiders -2.5 (-110)

As the favorite, the Raiders must win by 3 points or more. For your bet on the Broncos to be successful, they must either win the game or avoid losing by 3 points. The standard odds for point spread betting are around -110 for each side.

Totals

This type of betting involves predicting the total number of points scored in a game. Also known as over/under betting, you wager whether the final score will be over or under a number set by the sportsbook. It can look like this:

DEN Broncos vs. LV Raiders:

• Over 38 (-110)

• Under 38 (-110)

Like betting on the spread, totals tend to be around -110 for both sides of the bet. 

Futures

Future bets are placed on an event or championship well in advance, like before the season kicks off. For instance, if you believe that the Las Vegas Raiders will win the Super Bowl, you can place a future bet on them well ahead of time. Futures tend to have attractive odds, since a lot of things need to go right over the course of the season for your bet to win. The closer we get to the climax of a championship, with more teams being eliminated from the running, the lower the odds get for all the contenders. 

Prop Bets

Proposition bets, or prop bets, involve wagering on particular events within a game that don’t directly determine the end result. Such bets can cover various situations, including player or team achievements, statistical milestones, and other random in-game happenings. Examples include betting on the total number of home runs in a baseball match, tackles in a football game, or the first player to score in a hockey match.

Parlays

With this bet, you combine multiple separate bets into a single wager. To win the parlay, each of the bets has to be successful. For example, you can place a parlay by selecting moneyline bets for the Last Vegas Raiders, the Vegas Golden Knights, and the Las Vegas Aces. All selected teams must win for you to win the parlay. Teasers allow you to modify the point spreads or totals within a parlay for a reduced payout.

Live Betting

Live betting allows you to wager on a match in real-time, with the odds changing based on the events in the game. This engaging betting style lets you modify your bets mid-game according to the score, player action, and other in-game factors. Many sportsbooks in Nevada offer dedicated live betting sections, some even have live streaming options.

What Can’t You Bet On in Nevada?

For Nevada sports betting, there are a few restrictions to be aware of:

• Wagers cannot be placed on any political events.

• You cannot bet on any awards or entertainment ceremonies. 

• You need to register for your online account in-person. 

Betting on College Sports in Nevada

It is legal to bet on college sports in Nevada; you can bet on in-state and out-of-state college teams.

The list of NCAA Division 1 College programs is:

• Nevada Wolf Pack

• UNLV Rebels and Lady Rebels

Nevada Sports Betting Facts

Nevada How Does Nevada Online Sports Betting Compare to Other States?

Nevada has a total sports betting handle of $38.5 billion, the highest since PASPA was overturned. For context, it has a total population of 3.19 million. 

It is the second-highest state in total betting, coming just below New Jersey with $47.4 billion and above New York with $37.8 billion. As Nevada is such a hub for betting, it is no surprise that it has stayed at the top of the betting market. 

Considering New York has a population of 19.5 million and New Jersey has 9.2 million, Nevada has done pretty well in keeping up with the top states, especially as it requires in-person registration. However, we also have to consider that these states had their sportsbooks up and running far later than Nevada. In the future, especially if Nevada does not allow remote registration, we can expect to see other states overtake it. 

Moreover, online sportsbooks in Nevada have the lowest tax rate of 6,75% across the US, which makes it an attractive market. New York, for example, is subject to a huge tax rate of 51%.

Nevada Sports Betting News

Nevada is the only state that wasn’t subject to the rules of PASPA, having accepted sports bets since 1949. Because of this unique position, Nevada can be regarded as a trailblazer in the development of retail and online sports betting in the US.

Here is a brief timeline of events in Nevada’s sports betting history:

• Aug. 21, 2024 - Nevada’s sports betting regulator filed a complaint against Resorts World in connection with allegations of allowing bookmakers to launder money.

• June 27, 2024 - The Nevada Gaming Control Board reports a May Nevada sports betting handle of $515.1 million.

• June 19, 2024 - The Federal Trade Commission has filed a petition in the U.S. District Court of Nevada for information on the MGM cyberattacks last fall.

• May 29, 2024 - Nevada experiences its second consecutive month of year-over-year decline, seeing a 4.8% decrease in revenue from 2023.

• May 27, 2024 - The World Series of Poker launches a new online platform and creates a three-state summer series between Michigan, New Jersey, and Nevada.

• May 16, 2024 - Sunset Station launches STN Sportsbook in Las Vegas. The newly remodeled betting site promises "a bold new design, over-the-top visuals, and a massive audiovisual experience" for bettors. 

• May 16, 2024 - Nevada' icon Mirage hotel and casino will close its doors after 34 years. 

• May 16, 2024 - According to Compliance+More, Nevada gaming regulators will not allow Dave & Buster’s locations in the state to offer “unregulated gaming.” Dave & Buster’s recently announced their intention to allow patrons to bet on arcade games.

• April 20, 2024 - Nevada sports betting handle was $784.5 million in March, up 10% from February but down 5.4% year over year.

• March 28, 2024 - Nevada sees 16% YoY sports betting revenue increase in February, bringing in $47.9 million