Nevada Sports Betting Revenue Jumps 44% in June

Nevada sportsbooks posted a strong performance in June, delivering a 44% year-over-year jump in sports betting revenue and maintaining a solid run of monthly profits above $40 million.

Good To Know

• Baseball betting carried Nevada’s sports wagering revenue to another record-breaking month.
• Online sportsbooks brought in nearly $30 million of the state’s June total.
• First-half 2025 sports betting tax revenue was up almost $2 million from last year.

The Nevada Gaming Control Board reported online and retail operators made $41.7 million in gross revenue in June, up from $29.8 million a year earlier. It marked the third straight month that revenue topped $40 million. However, the figure was down 10.9% compared to May.

Baseball betting proved the biggest driver once again, accounting for $21.9 million in revenue. That total not only broke May’s previous record of $21.4 million but also represented a massive 103% increase from June 2024. Baseball profits over the past three months reached $55.5 million, up 72% from the same period last year.

“Other sports” such as golf, tennis, soccer, MMA, and boxing combined for $12.7 million in revenue, up 48.8% year-over-year. Basketball, however, saw a slight dip, bringing in $8.3 million, a 4.3% drop from last year despite the excitement of the Oklahoma City Thunder defeating the Indiana Pacers in the NBA Finals.

Sportsbooks accepted $496.6 million in wagers during June, a 3.1% increase from the same month in 2024. While handle dipped below $500 million for the first time since August 2024, Nevada still maintained an 8.4% hold, up from 6.2% a year ago.

Online sportsbooks accounted for $29.9 million of total revenue, a 78% increase compared to last June. Sportsbooks contributed $2.8 million in tax revenue to the state.

For the first six months of 2025, Nevada sportsbooks handled more than $3.95 billion in bets, edging up from $3.8 billion in the first half of 2024. Gross revenue reached $267.1 million, an 11.7% year-over-year rise.

While a tough March impacted results—thanks to a 2.6% hold during the NCAA Tournament—Nevada sportsbooks posted win rates above 8% in three of the other five months. Tax revenue for the first half of the year totaled $18 million, nearly $2 million more than in 2024.