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Nevada sportsbooks reported $64.5M in revenue during January on a $795.2M handle, according to Nevada Gaming Control Board figures. Revenue declined 11.1 percent compared with January 2025 even though betting volume barely changed.
Performance followed an unusually strong January last year, which set a high comparison point for operators across the state.
Good to Know
Football produced the largest share of sportsbook revenue, but results came in softer than previous periods. Operators earned $28.1M from football wagering tied to the NFL postseason and College Football Playoff games. That figure dropped 27.3 percent from the same month last year and fell 31.1 percent compared with December.
Bettors performed better against the books, which pressured margins despite steady engagement during playoff season.
Basketball delivered $21.6M in revenue, nearly identical to January 2025. Compared with December 2025, basketball generated about $6M more, helping offset football weakness. Hockey revenue reached $2.7M, representing a 35.7 percent year over year decline.
The category labeled other sports stood out with $12.8M in revenue. That total jumped 45.2 percent from last year and nearly doubled month over month. Baseball remained a loss center, with operators dropping more than $1M for the second consecutive month.
Digital betting continued to dominate statewide wagering patterns even with Nevada requirement for in person registration before using mobile apps. Online handle rose 5.4 percent year over year to $562.5M, reinforcing long term shift toward app based wagering tied to Las Vegas casino accounts.
Clark County, home to the Las Vegas Strip, recorded a nearly 13 percent revenue decline. Betting volume slipped 0.8 percent while hold landed at 7.6 percent, down from 8.7 percent one year earlier. That reduced win rate explains much of the overall revenue contraction.
January marked the third straight month with sportsbook revenue exceeding $60M, showing continued baseline strength in the market even as margins tightened.
Super Bowl wagering trends suggest additional softness could follow. The February championship game drew $133.8M in bets statewide, an 11.7 percent drop from the previous year and the lowest Super Bowl handle recorded in Nevada since 2016.
During February 2025, sportsbooks accepted $604.8M in wagers overall, with the Super Bowl contributing $22M in revenue. Comparison highlights how sensitive sportsbook performance can be to hold percentage shifts rather than raw betting volume.