Vegas Sports Betting Online

 

You wouldn't believe how many times we get emails asking if it's legal to bet online at the Las Vegas sportsbooks, therefore we decided to compile this brief guide to answer to question if internet sports betting is available at the Vegas books.

Best Vegas sportsbook alternatives

BookmakerVery high betting limits, no limiting of sharps, fast and easy payouts
GTBetsMore of the recreational type of sportsbook, competes well against the Vegas lines
BovadaJust like gambling in Vegas - a good sportsbook with an excellent casino adjacent.

Why are people asking if they can bet online at the Las Vegas sportsbooks? Most folks assume that since the sportsbook are legal in Nevada, licensed and regulated, and they have internet presence, that they would likely be available for online wagering. Not to mention that legal online horse racing betting is available to almost everybody in the United States, which leads to some people thinking that sports betting is now legalized online, which, in truth, is still a long way away from now. The answer to whether one can bet online at the Vegas sportsbooks is both 'yes' and 'no', i.e. not as simple to answer.

You see, online sports wagering is legal in Nevada, but the state gambling laws prohibit people from placing bets online from outside Nevada. In addition, only Nevada residents are allowed to open internet betting accounts with the sportsbooks. Therefore, while Nevada residents can visit some of the Las Vegas sportsbooks and open a personal account, which would let them bet online, residents of other states are not allowed to open said account and wager online. In addition, according to Nevada gambling laws, if the account holder moves out of Nevada - they cannot place bets anymore outside of the state, although they could still use their account when visiting Las Vegas.

Thus as you can see, on one side, yes, you can bet online at the Las Vegas sportsbooks, but only if you are a Nevada resident. If you live anywhere else in the country - Vegas sportsbook betting online is not available to you. There is a reason so many people use the offshore sportsbooks.

If you are a fan of sports betting you will LOVE Las Vegas. Being the only state in the union that allows legal betting on all of the major individual sports leagues and events, Las Vegas draws thousands of sports bettors year round. Almost all Las Vegas casinos feature a sportsbook and a number of big screen TVs which creates a great sports betting environment.

Vegas Sports Betting Online

Online Sports Betting. In May 2018 the U.S. Supreme Court officially struck down the Professional and Amateur Sports Protection Act (PASPA). The landmark decision restored the right for each state to individually pursue sports betting by creating their own set of rules and regulations. Welcome to Las Vegas Sports Betting Online Sportsbooks Review, below are the top online sportsbooks and online sports betting web site. This page will give you all of the sportsbooks listed on Las Vegas Sports Betting. These are all places we currently have wagered at and feel are the best of the best online sportsbooks. 2021 Super Bowl LV Odds & Props - The Tampa Bay Buccaneers (14-5) will face the defending Super Bowl champion Kansas City Chiefs (16-2). Kickoff is set for Sunday, Feb. ET at Raymond James Stadium in Tampa, Florida.

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Although sports betting has one of the lower win percentages for casinos, it still draws millions in revenue for Vegas casinos year round. The most popular sports betting event in Las Vegas is by far the Super Bowl, which draws thousands of sports bettors each February to bet on the big game. Not far behind the Super Bowl is the March Madness college basketball tournament which also draws some big numbers to Vegas to bet on the event.

With the popularity of online sportsbooks increasing there is no doubt that the Las Vegas sportsbooks are losing a little bit of business, but they are always going to bring in some great numbers for casinos. I do my sports betting online daily of course, but I love making a trip down to Vegas to bet on some sports and have some fun, and I know a lot of sports bettors are the same.

Las Vegas Sports Betting Revenue

Below are the numbers that Las Vegas casinos made in revenue from sports betting in 2009:

Overall

Total Amount Bet – $2.4 Billion
Total Casino Win (revenue) – $136.3 Million
Win Percentage (percent of money played that casino kept) – 5.31%

Football

Total Amount Bet – $1.0 Billion
Total Casino Win – $48.6 Million
Win Percentage – 4.45%

Sites

Basketball

Total Amount Bet – $802.5 Million
Total Casino Win – $38.2 Million
Win Percentage – 4.76%

Baseball

Total Amount Bet – $488.5 Million
Total Casino Win – $21.4 Million
Win Percentage – 4.38%

Vegas

Parlay Cards

Total Amount Bet – $58.9 Million
Total Casino Win – $19.2 Million
Win Percentage – 32.57%

Other

Total Amount Bet – $126.0 Million
Total Casino Win – $8.8 Million
Win Percentage – 6.98%

Sportsbooks are huge for Vegas casinos, bringing in $136.3 Million in 2009. The only games which brought in more money were 3 card poker, roulette, craps, baccarat, blackjack, and slot machines. It seems as bettors do well with sports betting as the casino only has a 5.31% win percentage, compared to 11.31% for blackjack, and 12.04% for all table games.

Some Other Revenue Numbers:

From 1984 to 2011 Nevada has done pretty well for themselves…

Vegas Sports Betting Online

Vegas Sports Betting Online

Vegas Sports Betting Online

Online Betting In Vegas

  • Total amount bet on sports in Nevada since 1984: $57,274,051,000 ($57.3 billion)
  • Total amount won by Nevada sports books since 1984: $2,613,725,000 ($2.6 billion)

Since 1992 baseball betting has been the most profitable for bettors…

  • Average win percentage on football since 1992: 4.53%
  • Average win percentage on basketball since 1992: 4.69%
  • Average win percentage on baseball since 1992: 3.01%
  • Average win percentage on parlays since 1992: 29.71%
  • Average win percentage on “other” since 1992: 5.48%

Las Vegas rarely has a losing month when it comes to football, but it does happen. Here is a list of some losing regular season football months for Nevada sports books:

  • November 2012: -$5.29 million
  • October 2012: -$6.23 million
  • November 2010: -$2.48 million
  • December 2005: -$3.31 million
  • November 2005: -$11.28 million

Las Vegas Sports Betting Online Sportsbook

How To Read Las Vegas Odds Boards

Las Vegas Sportsbooks

• Aria
• Arizona Charlie’s Decatur
• Arizona Charlie’s Boulder
• Bally’s
• Barley’s
• Bellagio
• Bill’s Gamblin’ Hall and Saloon
• Boulder Station
• Buffalo Bill’s
• Caesars Palace
• California
• Casino MonteLago
• Circus Circus
• Ellis Island
• Excalibur
• Fiesta Rancho
• Fiesta Henderson
• Fitzgeralds
• Flamingo
• Fremont
• Gold Coast
• Golden Gate
• Golden Nugget
• Green Valley Ranch
• Hard Rock Hotel Casino
• Harrah’s
• Las Vegas Hilton
• Hooters
• Imperial Palace
• Luxor
• M Resort
• Mandalay Bay
• MGM Grand
• Mirage
• Monte Carlo
• New York-New York
• Orleans
• Palace Station
• Palazzo
• Palms
• Paris
• Planet Hollywood
• Plaza
• Primm Valley
• Railroad Pass
• Red Rock Resort
• The Rampart Casino
• Rio
• Riviera
• Sahara
• Sam’s Town
• Santa Fe Station
• Silverton
• Skyline
• South Point
• Stratosphere
• Suncoast
• Sunset Station
• Texas Station
• Treasure Island
• Tropicana
• Venetian
• Wild Wild West
• Wynn

Resources:
David G. Schwartz. Nevada Sports Betting Totals: 1984-2011. Las Vegas: Center for Gaming
Research, University Libraries, University of Nevada Las Vegas, 2012.