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Nevada sportsbooks had plenty to cheer about in April, with operators collecting the highest revenue for the month since 2018, when the federal ban on sports betting was overturned. Despite a lighter sports calendar compared to March, the state still saw strong betting figures across several categories.
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A big portion of the April haul came from basketball. College and pro hoops together brought in $20.9 million in revenue from a $246 million handle. That was a 51.75% jump from April 2024. The strong performance came mainly from NBA underdogs delivering early in the playoffs.
In contrast, March results were held back by the NCAA tournament. There were fewer surprises than usual, and that pushed the overall state win rate below 3%. But in April, sportsbooks bounced back with a strong 8.5% hold on basketball bets. That was well above the 6% win rate in April last year.
Online sportsbooks played a major role again, bringing in $33.2 million of the total $42.7 million revenue. Nevada’s overall handle for the month hit $618.9 million, an 8.7% rise from April 2024. However, it did drop about 28% compared to March, which had a heavier sports calendar.
Even with fewer events in April, the Silver State saw tax revenue rise to $2.8 million—almost double what it collected in March.
Baseball generated $12.2 million in revenue in April, taking second place behind basketball. Meanwhile, hockey brought in $5.3 million, even though the Vegas Golden Knights advanced in the Stanley Cup playoffs. Both sports helped boost Nevada’s win rate to 6.9%, up from 5.4% the previous year. This marks the third time in the last seven months that sportsbooks in the state have hit a win rate of 6.9% or more.
While most sports helped boost revenue, football did not. Bets on the gridiron led to a $5.1 million loss for operators. Parlays also ended up in the red, though the exact figure was not detailed.
The “other” category, which includes everything from tennis to MMA, brought in $9.4 million in revenue. It had the highest win rate of any category at 9.7%.