Nevada Sports Betting Revenue Jumps 105% In October

Nevada sportsbooks enjoyed a sharp rebound in October as football results tilted back toward operators and a packed sports calendar kept betting volume high. Online and retail books combined for $59.3 million in revenue from $798.2 million in handle, more than double the haul from October 2024.

Good to Know

• Sportsbook revenue in Nevada climbed 105.2% year over year in October to $59.3 million.
• Hold reached 7.4%, comfortably above the 3.6% recorded in October 2024.
• Online operators generated $42.9 million, up 128.5% compared with a year earlier.

Nevada October Numbers At A Glance

Nevada Gaming Control Board data painted a very different picture from the same month last year. In October 2024, bettors hammered NFL and college lines and left operators with only $28.9 million in revenue from a similar handle. In October 2025, that script flipped.

Sportsbooks handled $798.2 million in wagers, less than 0.5% higher than the prior October, yet revenue jumped to $59.3 million. A 7.4% win rate across all sports helped deliver one of the strongest months of 2025 for the Silver State. Only one other month in the year produced more revenue for operators.

Football sat at the center of that turnaround. Revenue from NFL and college football climbed from $9.7 million in October 2024 to $33 million in October 2025. Many public sides that cashed tickets last year failed to cover spreads this time, and operators kept far more of the action. Industry reports from around the country showed a similar pattern, with football favorites producing fewer easy wins for bettors.

Online books played an increasingly important role. Digital operators accounted for $42.9 million in revenue, up 128.5% year over year. That online figure underscored how quickly mobile wagering continues to shape the Nevada market, even with strong retail brands on the Strip and in regional hubs.

Handle trends added another layer. October 2025 handle beat September by about 50%, powered by a combination of the MLB postseason, a full month of NFL and college football, plus the start of NBA and NHL regular seasons. That mix gave bettors options every day and created steady flow for both online and retail operators. Sportsbooks sent roughly $4 million in taxes to the state from October revenue.

Sport-by-sport results showed football in clear control, but other categories helped round out the story:

• Football generated $33 million in revenue, up 241.4% year over year, with a win rate close to 7%.
• Basketball produced $6.5 million, a drop of 9.6% compared with the previous October, even with an 8% hold.
• Baseball delivered $5.7 million, a 31.2% increase, capping off an MLB season that saw multiple monthly records for baseball revenue in Nevada.
• Hockey created more than $4 million in profit for sportsbooks, driven by a strong 12% hold and a 73% year-over-year gain.
• Other sports, including soccer, MMA, golf, tennis, auto racing and boxing, brought in $8.3 million, up 47.5% from October 2024.

Baseball numbers stood out given a World Series run that included the favored Dodgers lifting the trophy. Even in a postseason where a popular team went deep, operators still managed to keep more money on baseball throughout the month. Hockey and the broader “other” category also pointed to deeper engagement beyond the core football and basketball markets.

Attention now turns toward November. The Las Vegas Grand Prix once again delivered a high-profile betting event for the city. Formula 1 officials called the race the most-wagered event in series history, with handle surpassing the 2024 edition. BetMGM reported a 51% increase in handle on the race, and Caesars saw ticket volume for retail betting climb 30% year over year.

Last year, Nevada handle climbed 5.4% from October to November, reaching more than $837 million during another heavy sports schedule. With F1 growth, football in full swing, and basketball and hockey moving deeper into the regular season, many operators expect another strong month in the next report.

FAQ

How much revenue did Nevada sportsbooks make in October 2025?

Sportsbooks in Nevada generated $59.3 million in revenue from $798.2 million in handle.

How big was the year over year increase?

Revenue rose 105.2% compared with the $28.9 million recorded in October 2024.

Which sport drove most of the revenue growth?

Football led the way, bringing in $33 million in profit after a far more operator friendly month compared with last year.

Did online sportsbooks play a major role?

Yes. Online operators produced $42.9 million in revenue, up 128.5% year over year, and helped push October to the second best revenue month of 2025.

Why did basketball revenue drop despite an 8 percent hold?

Handle for basketball lagged behind other categories, so even with a healthy win rate, total profit slipped 9.6% compared with the previous October.

How did “other sports” perform in October?

Other sports, including soccer, MMA, golf, tennis, auto racing and boxing, generated $8.3 million in revenue, a 47.5% increase year over year.

What role did the Las Vegas Grand Prix play?

The November report will capture F1 numbers, but early comments showed record betting. BetMGM reported a 51% rise in handle and Caesars saw a 30% increase in tickets on the race.

How much tax did the state collect from sports betting in October?

Nevada received about $4 million in tax revenue tied to October sports betting.