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February 2024 saw significant drops in sports betting revenue for Nevada, with the absence of the Super Bowl causing a noticeable dip in wagers. According to the Nevada Gaming Control Board, the state’s monthly handle totaled $604.8 million, a 15% decline from the previous year. In 2024, the Super Bowl’s presence in Las Vegas led to over $190 million in bets, contributing to the city’s booming sports betting market.
Overall betting levels suffered as a result of the lack of interest surrounding Super Bowl LIX in Las Vegas. With a 20% decrease from the previous year, the state’s total wagers for February 2025 were notably lower. As a result, operators reported $41.3 million in gross income, which was 13.8% less than what they made in February 2024. The total numbers showed a decline in betting activity as a result of the absence of major sporting events like the Super Bowl, even though the mobile sportsbooks made $22.9 million.
Despite the decline, the February 2025 sports betting scene was not without its highlights. The Super Bowl, even without being hosted in Las Vegas, managed to deliver the highest-ever win for sportsbooks, totaling $22.1 million. However, the total football revenue for the month only reached $13.8 million, marking a 15% year-over-year increase, despite the lack of Super Bowl wagers.
Basketball experienced a sharp decline, with sportsbooks generating $16.3 million in February 2025, down 34% from the same month last year. Meanwhile, hockey contributed a more modest $2.2 million, and the “other” sports category generated $8.9 million in revenue. Despite these losses, operators still managed to scrape out a small profit on parlays, although baseball proved to be costly, with sportsbooks paying out $440,000 in February.
Following a record-breaking $796.9 million handling, Nevada’s total tax income also decreased, coming in at $2.8 million as opposed to $4.9 million in January. This was a sharp decline from the $72.6 million in income in January, underscoring the effect of the state’s declining major sporting events.
Notwithstanding these obstacles, Nevada is still adjusting to a changing sports betting environment, and operators are actively getting ready for the upcoming big events that can increase state income.