Nevada Sportsbooks February: Solid, Not Spectacular
· Yahoo Sports
February was a solid, if unspectacular, month for Nevada sportsbooks, as the Nevada Gaming Control Board released last month’s revenue report Thursday.
Handle for the month came in at $579.8 million, with total revenue at $35.4 million, for a hold of 6.1%. That revenue number represents a 14.4% drop from February 2025, though the three-month trailing number tells a rosier story: $167.4 million in revenue on roughly $2.12 billion in handle, up nearly 30% year over year, with a 7.9% hold.
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Operators paid the state an estimated $2.39 million in taxes on sports bets.
Mobile continued its takeover of the Nevada sports betting market. Of the $579.8 million in handle, an estimated $412.7 million came through mobile, representing 71.2% of total wagering. Mobile revenue came in at $29.6 million, up 28.9% year over year, with a 7.2% hold. For the trailing 12 months, mobile handle sits at roughly $5.79 billion, or 72% of all sports wagering in the state.
Not so super
February is obviously Super Bowl month and the results for the Big Game were solid, if less spectacular, than the month as a whole.
The books booked a $4.3 million profit on football action, but that came on $131.2 million in bets, for a relatively paltry hold of 3.3%. Not a lot of Seahawks gear was seen behind the counter, one would suppose.
Predictably, basketball was the big handle and revenue generator for the month, with handle coming in at $316.5 million and revenue at $24.5 million, for a healthy hold of 7.7%. That’s a 46.2% jump in revenue over February 2025 and basketball accounted for 54.6% of all handle and 69.2% of all revenue for the month. With the NBA trade deadline, All-Star weekend, and a full college basketball slate, February is peak hoops betting season.
Hockey bettors had a winning month, as books reported a loss of $162,000 on roughly $25.3 million in handle, good for a -0.64% hold. Baseball’s spring training slate was similarly ugly for operators: a loss of $499,000 on $3.6 million in handle, with a -13.73% hold.
The “other” category, which includes sports like soccer, tennis, golf, and MMA, brought in $7.3 million in revenue on about $102.4 million in handle, good for a 7.1% hold, though that was down 18.59% year over year.
Parlay cards also went the bettors’ way, with books reporting a loss of $13,000 for the month. For the trailing 12 months, however, parlays remain the highest-margin product in the state at a 32.21% hold on $6.3 million in revenue, up 133.88% over the prior year.
The Las Vegas Strip accounted for $15.4 million in sports revenue for February, or 43.5% of the statewide total, though that was down 36.17%, likely reflecting the Super Bowl result. Downtown Las Vegas posted $10.5 million, up 7.76%, with a stronger 7.45% hold. The Reno area reported $1.5 million in sports revenue, more than double the prior February.