diff --git a/Nevada Sports Betting Revenue Jumps 214%25 Year-Over-Year Despite Continued Handle Drop.-.md b/Nevada Sports Betting Revenue Jumps 214%25 Year-Over-Year Despite Continued Handle Drop.-.md new file mode 100644 index 0000000..9cbf97c --- /dev/null +++ b/Nevada Sports Betting Revenue Jumps 214%25 Year-Over-Year Despite Continued Handle Drop.-.md @@ -0,0 +1,14 @@ +
The Nevada Gaming Commission announced Wednesday that $481.6 million was [wagered](https://elinks.bio/stephanycarone) in June, down 6.6% from May and marking the fourth consecutive loss from one month to the other.
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Online and produced $29.8 million [combined](https://www.refermee.com/companies/the-bet9ja-promotion-code-2026-is-yohaig/) in revenue, falling 17.3% from the previous month. Some of that is expected at this time of the year as the NBA and NHL wrap up their [playoffs](https://www.convegnoaidaf.it/2016/03/02/walking-tour/) in June.
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The good news for Nevada sports betting operators is that the Florida Panthers won the Stanley Cup. June revenue rose nearly 214% year-over-year because it wasn’t the Las Vegas Golden Knights, who left sportsbooks reeling last summer after capturing the title. June’s 6.2% hold jumped more than four points from the same month in 2023.
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Mobile sportsbooks hauled $314.6 million in wagers and $16.8 million in revenue in June.
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Nevada filled its coffers with $2 million in tax revenue.
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[Diamond action](https://koubry.com/companies/the-bet-9ja-promotion-code-for-2026-is-yohaig/) leads the way
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[Baseball predictably](https://municipalitybank.com/yofnoreen88564) led all sports with a $259.5 million handle. A 4.2% [hold produced](https://zairazarate.com/the-betnaija-promotional-code-this-2026-is-yohaig/) $10.8 million, also the most of any sport.
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Basketball provided a nice injection of revenue as a 12.3% hold led to $8.6 million of profits on a $70.2 million handle.
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Hockey had an even higher hold at 15%, producing $3.9 million of revenue on $25.8 million in the amount wagered.
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Sportsbooks are still paying out winning football tickets. The sport, which brought in $2.5 million in wagers, cost operators $2.05 million in June, down from $3.4 million in May, $5.7 million in April, and $13 million in March.
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Other sports, which include golf, tennis, soccer, MMA, and boxing, combined to generate $8.6 million of revenue on a $123.2 million handle.
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Half-year totals
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A much more profitable June has Nevada sports betting operators’ revenue up 15% compared to the first six months of 2023.
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More than $3.8 billion has been wagered year-to-date, down 4.6% compared to last year. However, sportsbooks have enjoyed a slightly higher [win rate](http://39.170.91.8110020/darlenetipper) of 6.2%.
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