Nevada sports betting posted August gains in handle and revenue, a brief change to the overall market trend of year-over-year declines.
According to the latest state report, total August volume surpassed $455.2 million, a boost from the $431.6 million bet during the same month last year. Nevada sports betting operators cleared $25 million behind a 5.5% August win rate.
August was the third month this year, along with February and June, with increased betting volume compared to the same month from the previous year.
Nevada sports betting hold
The 5.5% hold for NV sportsbooks is one of the lowest this year, though on par with the market’s average win rate of less than 6%.
According to LSR data, the average US sports betting win rate outside of Nevada is 9.7% this year. Last year, operators kept 9.4% outside the Silver State.
Nevada operators kept 3.8% from bettors in March and 5.4% in April this year. August’s total revenue, at $25 million, was the lowest monthly total in 2024.
Baseball betting increases
Baseball volume reached $234.9 million in August as the MLB betting season approached the playoffs.
August betting on the diamond was several million dollars up from July’s $213.7 million in total volume.
With college football betting back on the calendar, football handle landed near $84.6 million for the month, making up 18.5% of total monthly handle.
Online sports betting in NV
In August, online sports betting in Nevada surpassed $313 million, accounting for nearly 69% of the overall volume.
However, due to the popularity of in-person sportsbooks, especially along the Las Vegas Strip, the market generally sees less online wagering than any other legal US sports betting market. Additionally, popular online sportsbooks FanDuel and DraftKings are not active in Nevada.
So far this year, online betting is 95% of all volume nationwide.
