Las Vegas Sportsbooks Take $11.4M Hit On Baseball In November

With the Los Angeles Dodgers losing the World Series on Nov. 1, there were many who in essence, lost — including Las Vegas sportsbooks, who saw an $11 million loss because of baseball alone.

Bettors choosing for the Houston Astros to win the World Series were satisfied with the 5-1 victory at Dodger Stadium. In total, the $11.4 million loss for the month (in one day) was the largest baseball hit seen for the state’s regulated books, according to the Nevada Gaming Control Board.

Also included were bets made on the Astros to win Game 7.

The previous mark was set in November 1999 when the Yankees beat the Braves to win the World Series. That year, the books lost $6.2 million.

Sports books have reportedly recovered from the hit thanks to big wins in football and basketball. Overall, the sportsbooks won $9.8 million in November, which records the 52nd consecutive month in which the books have come up on top, a streak dating back to July 2013.

Through December, sportsbooks have won a net $213.6 million in 2017, which currently stands as the fourth-most lucrative year ever. At the top is 2015, when the books netted $231.7 million.