Spurred by the World Cup and a popular NBA Finals, Nevada ended a four-month streak of year-over-year sports betting handle declines in June.
Key Takeaways
- Nevada produced its largest handle since March.
- Revenue was up 20% from the previous year.
- The World Cup helped the “other” sports category generate nearly $19 million in revenue.
The Nevada Gaming Control Board reported wagering totaled $587.6 million, up 16.5% from June 2025 and the state's highest monthly handle since March.
The month featured 75 of the World Cup's 104 matches, the New York Knicks' NBA Finals victory over the San Antonio Spurs, and a six-game Stanley Cup Final involving the in-state Vegas Golden Knights.
Nevada sports betting operators combined to generate $50.5 million in revenue, a 20% year-over-year increase. The overall hold of 8.7% was higher than the previous June’s 8.5%.
Online sportsbooks produced a $416-million handle, a 15.6% year-over-year spike. Mobile wagering accounted for 71% of all sports bets in June and over $33 million of the total revenue haul. The Silver State filled its coffers with $3.4 million, putting the year-to-date tax revenue haul over $18 million.
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Big soccer month
| Sport | June Revenue | YoY Change |
|---|---|---|
| Other | $18.9 million | +48.5% |
| Baseball | $17.9 million | -19.4% |
| Basketball | $11.1 million | +34.4% |
| Hockey | $3.9 million | +953.7% |
The World Cup helped push the “other” sports category to the top. Nevada operators hauled in nearly $19 million, a 48.5% year-over-year profit increase, from soccer, tennis, MMA, boxing, auto racing, and golf.
Baseball produced a solid $17.9 million in revenue, but it was down 19.4% from a record-breaking June 2025. While the Knicks' championship run proved costly for many East Coast sportsbooks, Nevada operators generated $11.1 million in basketball revenue, up 34.4% year over year.
Hockey profits of $3.9 million were up over 950% thanks to the Carolina Hurricanes beating the Golden Knights in the Stanley Cup Final.
Kalshi’s agreement
July will be the last full month that prediction markets cut into the Silver State sports betting revenue. The NGCB found Kalshi was continuing to offer sports and other event contracts, violating a court order.
Kalshi agreed last week to implement a third-party geofencing solution by Aug. 12 to block sports, entertainment, and political markets from being available for trade to Nevada residents. If Kalshi doesn’t comply, it will be subject to a $120,000 per-day fine.
“The Board has taken decisive action in recent months to halt the operations of other prediction markets in the state and has successfully restricted the operation of all unlicensed prediction markets known to be operating in Nevada,” NGCB chairman Mike Dreitzer said.
