Silver State sports betting operators enjoyed a 30% year-over-year revenue increase in May.
Key Takeaways
- Wagering rose 11.9% compared to May 2024 and surpassed $3 billion in 2025
- Baseball produced the sport’s highest revenue of the post-PASPA era
- Basketball and hockey combined for over $17 million of May’s total revenue
The Nevada Gaming Control Board reported that online and retail sportsbooks hauled in $46.8 million from a $576.7 million handle for the month.
Thanks to a surprising surge in baseball profits, May produced the second-highest revenue of 2025 behind January’s $72.6 million and gave operators back-to-back months of over $40 million. Mobile sports betting accounted for $31.4 million of the total revenue.
Wagering was up 11.9% compared to May 2024, but it was the lowest year-to-date handle generated in the Silver State and the first under $600 million since August 2024.
May’s 8.1% hold was up from the 7% produced during the same month in 2024. It’s also just the third win rate above 8% over the last eight months. Nevada sports betting led to $3.1 million in tax revenue for the Silver State.
Baseball produces big-time profits
| Sport | May 2025 Revene | May 2024 Revenue |
|---|---|---|
| Baseball | $21.4 million | $11.1 million |
| Basketball | $12.5 million | $17.2 million |
| Hockey | $4.9 million | $3.4 million |
Baseball proved to be a huge winner for Nevada sportsbooks in May. The diamond sport led all others with $21.4 million in revenue, a 91.9% year-over-year increase and the most produced by baseball since before PASPA was overturned in 2018. Baseball revenue is also up 46% over the last three months compared to the same period in 2024.
A month after producing over $20 million in profits, basketball generated $12.5 million in a month with a loaded NBA playoff schedule. That was also down 27.2% from May 2024. Operators turned a $4.9 million profit from hockey, up 45.2% from the previous year.
Other sports, which include golf, tennis, soccer, UFC, and boxing, provided sportsbooks with an additional $10.6 million in revenue, a 37% year-over-year increase.
Surpassing $3 billion
The latest handle put Nevada in the top five among states that have reported May figures behind New York, New Jersey, Massachusetts, and Pennsylvania. Illinois is eventually likely to push the Silver State down to sixth when the Prairie State releases May sports betting numbers.
The Silver State surpassed $3 billion in 2025 with May’s amount wagered. The year-to-date sports betting handle is slightly ahead of 2024’s pace, but six states have generated more wagers so far in 2025.
