Lackluster Super Bowl wagering led to significant sports betting handle and revenue decreases in February compared to the previous year.
Key Takeaways
- Nevada’s monthly handle fell below $700 million for the first time since August 2025.
- Super Bowl wagering reached its lowest since 2016.
- Revenue took a 14.4% year-over-year tumble in February.
The Nevada Gaming Control Board reported on Thursday that Silver State online and retail sportsbooks suffered a 4.1% year-over-year handle drop, leading to $579.6 million in February wagering.
Super Bowl betting was Nevada’s lowest since 2016 and failed to reach $135 million for the first time since 2017. That greatly affected the overall handle, which fell below $700 million for the first time since August 2025.
The $412.8-million Nevada online sports betting handle dipped by the same percentage as the overall handle and accounted for 71.2% of all bets.
Enjoying Covers content? Add us as a preferred source on your Google account
Profits fall
Nevada revenue took an even bigger hit, falling 14.4% year-over-year to $35.4 million. Nearly $10 million of that total profit came from the Super Bowl between the Seahawks and Patriots.
Sportsbooks’ 6.1% monthly hold was down from February 2025’s 6.8% win rate. Volumes in Clark County, where Las Vegas is located, 4.6%, and the hold matched the entire state’s win rate.
Sport breakdown
| Sport | February Revenue | YoY Change |
|---|---|---|
| Football | $4.3 million | -68.8% |
| Basketball | $24.5 million | 46.2% |
| Other | $7.3 million | -18.6% |
| Hockey | -$162K | -107.3% |
Sportsbooks made $4.3 million from football in February, a nearly 69% year-over-year dip. It was also a big change from January when operators hauled in over $28 million in revenue from the sport.
Basketball produced the most revenue, reaching $24.5 million. That was up 46% from the previous year and about $3 million more than January’s profits. The “other” sports, which include auto racing, golf, soccer, tennis, MMA, and boxing, dipped 18.6% year over year, but it was the second-highest moneymaker for operators with $7.3 million in revenue.
Sportsbooks finished in the red on hockey and baseball in February, totaling over $660,000 in losses.
