Nevada sportsbooks closed out 2025 with a massive year-over-year revenue increase.
Key Takeaways
- Nevada sportsbooks made over $60 million in revenue for the second consecutive month.
- Wagering was down in December and only up slightly for the year.
- Football was a cash cow for Silver State operators in 2025.
The Nevada Gaming Control Board reported on Wednesday that online and retail sports betting operators hauled in $67.6 million in December profits, a 352% spike from the lowly $15 million in revenue from the same month in 2024.
It was the sportsbooks’ third most profitable month of 2025, and combined with November, operators generated $140 million, the best two-month span since September-October 2023.
Football played a significant role in the Nevada sports betting revenue reversal. December 2024 produced the sport’s first losing month in 12 years. In 2025, football won operators more than $40 million.
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Volume down
The big revenue came despite a 9.1% dip in total handle. Nevada operators generated $746.7 million in wagers in December, down from November’s $908.1 million.
December’s 9% hold towered over the 1.8% win rate from the same month in 2024.
Online sports betting in Nevada accounted for 72% of the total handle and $42.6 million of the entire revenue. Clark County, which contains sportsbooks on the Las Vegas strip, experienced a similar handle dip as the rest of the state, and the hold that went from 1.7% last year to 8.8% in the latest December was a welcomed sign to operators.
Profitable sports
| Sport | December Revenue | YoY Change |
|---|---|---|
| Football | $40.8 million | N/A |
| Basketball | $15.5 million | 3.6% |
| Hockey | $4.7 million | 360% |
| Other | $6.8 million | 66% |
December continued a trend of positive football months for Nevada sportsbooks. The four months that included the NFL’s regular season produced $154.8 million in profits, with each month reaching at least $32 million on the sport.
Basketball generated $15 million in revenue for the second consecutive month and increased 3.6% from the previous December. Like football, hockey’s year-over-year results rose significantly as the sport produce $4.7 million in profits.
Baseball set sportsbooks back $1.4 million, while “other” sports experienced a 66% year-over-year revenue increase to $6.8 million.
Year in review
Silver State sportsbooks generated $8.07 billion in wagers for 2025, a mild 2% increased from 2024’s handle. Despite a tourism dip in 2025, sportsbook revenue spiked nearly 25% to more than $601 million.
The yearly average hold surpassed 7% and was up more than a point from the previous year. With a December that filled the Silver State’s coffers with $4.6 million, the total tax haul for Nevada in 2025 eclipsed $40 million.
