Nevada Sports Betting Revenue Doubles Despite Lower March Handle

Nevada sportsbooks handled less money again in March, but better results for operators turned the month into a much stronger revenue period than last year.

Good to Know

• Nevada sports betting handle reached $763 million in March, down 11.3% year over year.
• Revenue climbed 107% to $46 million after operators held 6%.
• Mobile betting made up 72.1% of all wagers, with $550.4 million placed online.

Nevada Handle Falls While Sportsbooks Keep More

March brought plenty of betting action through the NCAA Tournament and the start of MLB season, but Nevada sportsbooks still took fewer wagers than one year earlier.

Retail and online operators accepted $763 million in bets, according to the Nevada Gaming Control Board. That total came in around $98 million below March 2025, when the state produced roughly $860 million in handle, the strongest monthly figure since late 2023.

Mobile betting carried most of the market again. Online sportsbooks took $550.4 million in wagers, equal to 72.1% of the monthly total. Even so, mobile handle fell 10.1% from last year.

Nevada has now posted year-over-year handle declines in each of the first three months of 2026. February also dropped below $700 million for the first time since August, so March at least moved the total back above that level. Las Vegas visitation weakness may have also played a part in the lower betting volume.

Revenue told a very different story. Sportsbooks won $46 million in March, up 107% from $22.3 million in March 2025. The 6% hold matched February levels and gave operators a much better month, even with less money bet.

Online operators accounted for $36.7 million of that revenue, up 135% year over year. Nevada collected $3.1 million in sports betting tax revenue from the March results.

Basketball led the month by a wide margin. Between conference tournaments, March Madness and NBA betting, the sport generated $36.8 million in revenue, up 50.2% from last March.

Other sports produced $8.5 million, while hockey added $6.1 million. The combined category that includes tennis, soccer, MMA, boxing, auto racing and golf rose sharply year over year. Football, however, hurt operators, as bettors cashed enough tickets to leave sportsbooks with a $9.6 million loss during the first full month without NFL games.