Nevada Sports Betting Handle Drops to $554.1 Million For February
The Nevada Gaming Control Board has released its latest monthly report revealing that the state’s operators posted a sports betting handle of $554.1 Million for the month of February.
February’s figures dropped 14.3% from January’s sports betting handle of $646.5 million. Operators generated just $31.8 million in revenue which is a drop of 39.2% on January marking the lowest handle and revenue since August of last year.
However, the latest report shows a 13.3% increase in handle against the same period last year. Yet despite the increase, revenue dropped by 16.3% due to a higher hold on 2020 Super Bowl betting.
The most popular sport for bettors was basketball with $325.9 million in wagers during February. The football handle dropped 12% compared to the same period last year taking in $133.7 million in bets.
The mobile betting handle of $316.3 million accounted for 57.1% of the state’s total handle up from 45% in January.
Image credit: Baishampayan Ghose / CC BY-SA 2.0
Ciaran has a decade of experience writing for some of the biggest names in the eSports, poker, and casino industries.