Silver State bookmakers fell short last month of the legal sports betting record they set in January 2022, recently released figures show.
The Nevada Gaming Control Board reported Tuesday that the state’s retail and online sports betting sites handled $936.5 million in wagers in January, down 15.6% compared to a year earlier, when operators recorded an all-time high of $1.1 billion in monthly action.
Mobile wagering accounted for more than half of this January’s handle in Nevada, as betting with online sportsbooks was $581.5 million for the month, according to the gaming control board,down 26.2% compared to a year earlier.
Silver State silver lining
On a positive note, Nevada sports betting was up month-over-month, as the state's $936.5 million in action topped December’s $880.4 million in handle.
Still, Nevada sportsbooks won $50.4 million last month from bettors, a hold percentage of 5.39%. Both revenue and win rate were down compared to January 2022, by 0.9% and 0.89 percentage points, respectively.
Bookmakers may already face an uphill climb to beat their February 2022 numbers.
Nevada operators saw a 15% dip in wagering on this year’s Super Bowl, with the handle on the Big Game falling to $153.2 million. The William Hill sportsbook app also crashed in Nevada just before the Super Bowl began, which could account for some of any wagering weakness that is reported next month.
