350% or 5BTC + 150 Spins!
New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins
Nevada sportsbooks ended 2025 in a far stronger position than a year earlier, driven by sharp gains in revenue efficiency rather than betting volume. December closed the year with one of the most profitable months operators have seen in recent cycles.
Good to Know
The Nevada Gaming Control Board reported $67.6 million in sportsbook revenue for December 2025, marking a 352% increase compared with $15 million recorded during the same month in 2024. The result ranked as the third most profitable month of the year for Nevada operators.
November and December combined generated $140 million in sportsbook revenue, forming the strongest two month stretch since September through October 2023. Operators benefited from tighter pricing and favorable outcomes rather than increased wagering activity.
Total betting handle moved in the opposite direction. Nevada sportsbooks accepted $746.7 million in wagers during December, down 9.1% from $908.1 million in November.
December produced a hold rate near 9%, far above the 1.8% win rate reported one year earlier. That efficiency shift drove the revenue jump even as overall betting volume declined.
Online wagering continued to dominate the market, accounting for 72% of total handle and $42.6 million of statewide sportsbook revenue. Clark County followed statewide trends, with handle easing but operator results improving sharply.
Sportsbooks located along the Las Vegas Strip benefited from a hold that rose from 1.7% in December 2024 to 8.8% in December 2025, a change that materially altered bottom line results.
Football shaped the December turnaround. In December 2024, the sport delivered the first losing month for Nevada sportsbooks in 12 years. One year later, football produced more than $40 million in revenue.
Across the four months that included the NFL regular season, football generated $154.8 million in sportsbook profit. Each of those months cleared at least $32 million, establishing football as the primary revenue driver during the second half of the year.
Basketball continued to show consistency, producing roughly $15.5 million in December revenue. That figure matched the previous month and exceeded December 2024 by 3.6%.
Hockey posted one of the sharpest year over year gains, rising to $4.7 million in December sportsbook revenue. That represented a 360% increase compared with the prior year period.
Other sports combined for $6.8 million in revenue, up 66% year on year. Baseball moved in the opposite direction, resulting in a $1.4 million loss for operators during the month.
For all of 2025, Nevada sportsbooks handled $8.07 billion in wagers, reflecting a modest 2% increase compared with 2024. Revenue growth far outpaced handle growth.
Annual sportsbook revenue climbed nearly 25% to more than $601 million despite a tourism slowdown during the year. The average hold rate exceeded 7%, rising by more than a full percentage point year on year.
December alone generated $4.6 million in sportsbook tax revenue. The full year tax contribution from sportsbooks surpassed $40 million, adding another strong fiscal component to the Silver State gaming economy.