Nevada’s sports betting market recorded approximately $908 million in total wagers in November, marking a nearly 8 percent year-over-year increase. This growth reflects sustained demand across major professional and collegiate sports, offering insight into broader trends shaping the U.S. sports betting industry.
Nevada sportsbooks posted one of their strongest months of the year in November, with profitability reaching levels not seen since September 2024.
According to data released by the Nevada Gaming Control Board, sports betting revenue rose 7.9% year over year, with operators collecting $72.9 million for the month. That total made November the most lucrative month in more than a year, supported by a steady 8% hold, which ranked as the fourth-highest margin recorded in 2025.
Mobile wagering continued to dominate the market. Online sportsbooks accounted for just over 72% of all bets placed, generating a $654.7 million handle, an 11.8% increase from the previous year. Online platforms produced $47 million in revenue, climbing 16% year over year, further underscoring the shift toward mobile betting.
Football played a major role in driving profits, delivering $48.3 million in revenue, up 18.7% from November 2024. Hockey also stood out, with revenue surging nearly 68% to $5.1 million. Basketball posted mixed results, generating $15 million, while revenue from other sports declined, partially impacted by baseball payouts tied to World Series and futures bets.
Nevada remains one of the most established and consistently high-performing regulated sports betting markets in the United States, though its share of national handle has declined as online and mobile wagering has expanded elsewhere.
Unlike many states that rely almost entirely on mobile apps for betting activity, Nevada’s market includes both strong land-based and online components, with mobile wagering now making up more than 70% of total action.
States with full online sports betting access, such as New York, New Jersey, and Pennsylvania, typically report larger overall handles due to their larger populations and broader mobile adoption.
For example, New York has routinely led the nation in monthly handle since launching mobile sports betting, while New Jersey often posts higher total wagers than Nevada, driven by easy mobile access and dense gaming infrastructure.
Despite this, Nevada’s market still performs well relative to many newer or more restrictive states, while its long-standing regulatory framework provides stability that emerging markets sometimes lack.
Nevada’s continued growth in handle and revenue, especially during peak sports seasons, highlights its role as a major player in the U.S. sports betting landscape, even as other states outpace it in sheer volume of online bets.
With the Super Bowl only one month away, Nevada’s sports betting market is positioned for another big month after a strong November performance.
Given football’s outsized contribution to November profits, expectations are high that Super Bowl wagering could further extend Nevada’s recent momentum.
At the same time, the Super Bowl presents a unique challenge. High betting volume does not always translate directly to higher profits, particularly if bettors perform well against the house. How sportsbooks manage risk, pricing, and promotions during the event will play a significant role in determining final results.
