The Nevada Gaming Control Board reported $47.9 million in adjusted gross sports betting revenue for February on Thursday as Silver State sportsbooks found wins beyond Super Bowl LVIII.
Overall revenue was up 16.1% from the previous February, with the $6.8 million in winnings from Super Bowl LVIII — held in Las Vegas — $2.4 million higher than 2023. The record Super Bowl handle of $185.6 million keyed an 8% bump in total wagering to $711.9 million. Handle was down 9.1% compared to January’s $782.8 million and is 6.3% lower for the first two months of 2024 versus last year.
Sportsbooks across the Silver State combined for a 6.7% hold, the first time win rates have been 6.5% or higher for three consecutive months since November 2020 to January 2021. The state collected more than $3.2 million worth of tax receipts for February, and the $7.6 million garnered in the first two months of 2024 is $1.4 million ahead of last year’s pace with revenue up 22.8%.
Football revenue beyond the Super Bowl
Overall sportsbook winnings from the gridiron totaled $12 million, a year-over-year increase of 27.2%. The overall football handle of $190.8 million was an all-time high in February and up 24% from February 2023.