Nevada Sports Betting Revenue Nearly Doubles Despite Decline in March Handle

(AsiaGameHub) –   Nevada sportsbooks saw a lower volume of wagers in March, yet operators’ improved performance resulted in a significantly more profitable month compared to the previous year.

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Good to Know

• The Nevada sports betting handle hit $763 million in March, an 11.3% decrease from the same month last year.
• Revenue surged 107% to $46 million, with operators retaining 6% of all wagers.
• Mobile betting represented 72.1% of all action, accounting for $550.4 million in online wagers.

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Nevada Handle Falls While Sportsbooks Keep More

Despite considerable betting activity from the NCAA Tournament and the beginning of the MLB season, Nevada’s sportsbooks accepted fewer bets this March than in March of the prior year.

Data from the Nevada Gaming Control Board shows retail and online operators took in $763 million in bets. This figure was approximately $98 million less than in March 2025, when the state recorded a handle of about $860 million, its highest monthly total since the end of 2023.

Once again, mobile betting dominated the market. Online sportsbooks handled $550.4 million, constituting 72.1% of the month’s total. Nonetheless, mobile handle was down 10.1% year-over-year.

Nevada has now experienced year-over-year declines in handle for the first three consecutive months of 2026. February’s total also fell below $700 million for the first time since August, making March’s rebound above that threshold a slight improvement. Reduced visitor numbers in Las Vegas may have contributed to the lower betting volume.

The revenue picture was starkly different. Sportsbooks recorded $46 million in winnings for March, a 107% increase from the $22.3 million won in March 2025. The 6% hold rate equaled February’s percentage, delivering a far more successful month for operators even with a smaller amount wagered.

Online operators were responsible for $36.7 million of the total revenue, a 135% year-over-year rise. The state generated $3.1 million in tax revenue from sports betting based on the March figures.

Basketball was the clear leader for the month. Fueled by conference tournaments, March Madness, and NBA betting, the sport brought in $36.8 million in revenue, a 50.2% jump from March of last year.

Other sports contributed $8.5 million, and hockey added $6.1 million. The combined category encompassing tennis, soccer, MMA, boxing, auto racing, and golf saw a substantial year-over-year increase. Football, however, proved costly for operators, as successful bettors led to sportsbooks posting a $9.6 million loss during the first complete month without NFL games.