The Silver State’s sports betting operators enjoyed year-over-year handle and revenue increases in January while also erasing December's woeful football outcomes. The Nevada Gaming Control Board reported $72.6 million in revenue, a 12.1% rise from $64.7 million in January 2024 and up 384% month-over-month.
Nevada operators also produced a 1.8% hold increase from January 2024, as sportsbooks generated a $797-million handle in the latest month. January also ended a run of four consecutive months with a year-over-year handle decrease.
The 9.1% hold was nearly a point higher than Jan. 2024 and increased significantly from December’s 1.8% win rate, one of the worst Nevada ever reported. Online sports betting accounted for $533.9 million of the total handle, a 4.9% year-over-year increase, and $42.7 million of the state’s revenue. The Silver State filled its coffers with $4.9 million, up from the light $1 million in December.
Back to normal
December produced Nevada’s first football monthly loss during an NFL regular season in 12 years. A month after putting operators $2.1 million in the red, pigskin produced $38.7 million in monthly revenue, following a national trend of sportsbook success during the NFL playoffs. That put football revenue back to normal. Jan. 2024 produced a $38.5 million haul.
Basketball generated $21.7 million, the second-most among sports in Nevada. Other sports chipped in with $8.8 million in profits while hockey made operators $4.2 million.
Parlays provided a small six-figure profit. Bettors cashed in over $1 million on baseball tickets.
More profits coming
Nevada sports betting operators should really forget that historically bad December when February’s football receipts come in. The Silver State reported a Super Bowl revenue record, generating $22.13 million in profits from the Philadelphia Eagles’ 40-22 win over the Kansas City Chiefs.
Nevada books took in $151.6 million in wagers on Super Bowl LIX, the sixth-most on the Big Game since 2016. Last February, Silver State operators made $47.9 million, including $12 million from football.
