sports betting systems las vegas provider

The three-story Circa Resort & Casino sportsbook in downtown Las Vegas is seen ahead of the property's opening on Oct.

In the past three months, Circa has collected 10.8 percent of Nevada’s sports betting revenue.īut between May 2022 and May 2023, Circa accounted for 11.6 percent of Nevada sports betting revenue, trailing BetMGM by just 1.1 percent. In the last year, Eilers & Krejcik said Circa has been either Nevada’s third or fourth largest sports betting provider, alternating spots with the Red Rock Resorts-owned STN Sports. The firm said Caesars captured 56.2 percent of the state’s sports betting revenue during the past three months, followed by BetMGM with 12.3 percent. Southern California-based advisory firm Eilers & Krejcik Gaming has been able to calculate through its own research Nevada’s sports betting landscape, which is dominated by Caesars Sportsbook and its William Hill U.S. Mobile sports betting accounts for almost 65 percent of all sports wagers.

Through May, Nevada sportsbooks this year have collected almost $3.6 billion in sports wagers - a decline of 9 percent from 2022, and revenue of $198 million, up 16.4 percent. Unlike other states with legal sports betting, Nevada gaming regulators don’t break out the sports betting market share by individual companies, instead only providing overall totals. “That, coupled with the great retail experience and the success we’ve built with our mobile app, we’ve been able to gain market share pretty steadily in the last four years.”Ĭirca has moved outside of Nevada with mobile sports betting in Colorado and Iowa and will soon open a sportsbook and mobile wagering in Illinois through Full House Resorts’ casino north of Chicago. “We’ve stuck with the business model that is all about the low hold/high volume approach and taking bets from everybody,” Palm said. All three casinos are owned by a privately held company owned by Stevens and his brother, Greg. “We’re excited about where we're positioned in Nevada,” said Mike Palm, vice president of gaming operations at Circa, D Las Vegas and Golden Gate. The company still offers unlimited mobile and retail sportsbook wagering opportunities including at the company’s three downtown casinos, two satellite locations at casinos in Las Vegas and Henderson and the Circa sportsbook at Legends Bay in Sparks. In the four years since launching, Circa Sports hasn’t changed its business plan.

The result? Circa lost roughly $100,000 over 24 hours.

Sports betting systems las vegas provider