Nevada's Sports Betting Handle Slumps To 9 Million For April

The Nevada Gaming Control Board reported $569.2 million in sports betting handle for April on Wednesday, which represented a small year-over-year decline.

Wagering was down 4.8% compared to April 2023, though mobile handle as a percentage of overall handle reached 68.5%, the highest since reaching 73.5% last August.

Handle was also 27.5% lower compared to the $785.3 million in accepted bets in March, when Las Vegas serves as a bucket list destination for bettors who want to wager on college basketball during the NCAA Tournament.

Operators claimed $30.8 million in revenue, resulting in a 5.4% hold. Though revenue was down 5% versus 12 months ago, it was up 3.5% compared to March as the win rate was 1.6 percentage points higher.

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