Nevada sportsbooks had another record month in February, with more than $360 million wagered in the month across all sports, according to sports betting figures released today by the Nevada Gaming Control Board.
February, the NFL and sportsbooks, at a glance
It was another good month for Nevada’s sportsbooks, which took the most bets for any February on record, with a handle of about $363 million.
The books won nearly $28 million across all sports. Revenue was also up, year-over-year:
Nevada sports books won $27.99 million in February, a 99.13 percent increase from last February.
— David Payne Purdum (@DavidPurdum) March 30, 2016
The Super Bowl between the Denver Broncos and the Carolina Panthers was a big part of that. Preliminary figures on just the Super Bowl showed $132.5 million wagered on the game itself, with the books holding $13.3 million.
Other sports and betting in February
It was also a big month for basketball wagering, featuring the middle of the NBA season and the end of the college basketball regular season. More than $204 million was wagered on basketball in February, with about $13.4 million staying with the books.
About $28 million was wagered on all other sports (not football and basketball) combined, with books winning about $2 million.
The full numbers can be seen here.
The upward trend continues for Nevada
The last few months have brought new high-water marks for the sportsbooks:
- January was a record month as well, with nearly $450 million wagered.
- That came on the heels of a record 2015, which featured $4.2 billion in handle.
More than $800 million has been wagered in Nevada in the first two months of this year. Although it’s still early in 2016, another record year could be in store, based on the early numbers.
The amount wagered in March — typically another strong month because of March Madness and the NCAA men’s basketball tournament — should provide another good indicator for the rest of the year.
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