Nevada's Sports Betting Revenue Jumps 244% Month-Over-Month in September

Silver State benefits from return of NFL and college football, sees $811.3 million in wagers for the month of September.

Nobody was happier to see football return in September than Nevada’s legal sports betting operators. 

The Silver State’s mobile and retail sportsbooks combined to bring in $811.3 million in wagers for the month, nearly doubling the handle from August and rising 6.6% from September 2022, according to theNevada Gaming Control Board.

Behind a 7.7% hold, Nevada operators hauled in $62.3 million in revenue, the third highest all time.

Football’s handle of $510 million in September 2023 eclipsed the entire $431.3 million handle from all sports in August. 

Behind a 7.7% hold, Nevada operators hauled in $62.3 million in revenue, the third highest all time. While that’s up 244% from August, revenue was actually down 11.8% year-over-year. 

Online sports betting made up $538.8 million, or 66.4%, of the total handle, up 9.6% year-over-year.

The win rate rose nearly 3.5 points from the previous month. The Silver State collected $4.2 million in taxes from operators a month after bringing in $1.2 million. 

Baseball finishes second

Nevada sportsbooks made out good in both football and baseball. The first month of NFL and college football generated $38.7 million in revenue on a hold of 7.6%. 

With the MLB regular season wrapping up in September, baseball had the second-highest handle by sport at $188.5 million, and an 8.6% win rate brought in over $16 million in revenue. 

Basketball accounted for $13 million of the overall handle while hockey, which began in October, didn’t reach $700,000. The amount wagered on both of those sports will certainly change in the next month’s report, but they represented losses in September. 

All other sports, including soccer, tennis, auto racing, golf, boxing, and MMA, accounted for $96.7 million in total wagers.