Nevada Sports Betting Numbers Experience Big Drop in February

Article By Bryce Derouin

Last Updated: Mar 14^th, 2024

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Nevada Sports Betting Numbers Experience Big Drop in February

Sports betting activity has decreased across the country during February, and it was no different for one of the biggest gaming states.

Nevada’s February sports betting handle was $780.8 million, a decrease of 29.6% from January’s $1.1 million and 40.9% higher than February 2021’s $554.1 million.

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The mobile handle in Nevada for February was $512.4 million, down 34.9% from January’s $786.8 million and 62% higher than February 2021’s $316.3 million. Mobile betting made up 65.5% of the total handle.

Nevada’s February sports betting revenue was $30.9 million, a decrease of 38.2% from January’s $50 million and down 2.9% from February 2021’s $31.8 million.

February's total gaming win came to $1.1 billion.

Nevada Sports Betting, February vs. January

	Total handle	Mobile handle	Revenue
February	$780.769M	$512.373M	$30.920M
January	$1.109B	$786.788M	$49.997M
Change	Down 29.6%	Down 34.9%	Down 38.2%

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Most Bet on Sports

With the NBA and college basketball seasons in full swing, basketball was the most bet on sport in February, taking in $456.3 million of the total handle.

Football, mostly because of Super Bowl betting, took in $181.9 million in bets.

“Other” sports were responsible for $81.8 million of the handle, while hockey was fourth at $59.5 million. Parlay cards rounded out the top five, taking in $1.1 million in wagers.

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Big Month for Casino Gaming in Nevada

While the sports betting figures were down in February, Nevada casino winnings continued to increase.

The Nevada Gaming Control Board reported the best February in casino winnings, with the state taking in $1.1 billion. Nevada took in nearly $59 million in casino taxes, an increase of more than 34% from a year ago.

February was the 12th consecutive month of $1 billion or more in casino house winnings across the state.

The increase in winnings can be attributed to the state’s increased tourism. Harry Reid International Airport reported on Tuesday that more than twice the number of passengers visited in February compared to the same month a year ago. There were 3.3 million arriving and leaving passengers.

Traffic will likely continue to increase to Nevada with 16 airlines set to begin nonstop service in the coming weeks to places in Canada, Mexico, the United Kingdom, Switzerland, Germany and the Netherlands.