Nevada Sports Betting Revenue Jumps 214% Year-Over-Year Despite Continued Handle Drop

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Nevada Sports Betting Revenue Jumps 214% Year-Over-Year Despite Continued Handle Drop
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Nevada endured another sports betting month-over-month handle decline.

The Silver State endured another sports betting month-over-month handle decline but thanks to strong showings from MLB and the Stanley Cup Final, June revenue skyrocketed nearly 214% year-over-year.Wednesday that $481.6 million was wagered in June, down 6.6% from May and marking the fourth consecutive loss from one month to the other. . Some of that is expected at this time of the year as the NBA and NHL wrap up their playoffs in June. is that the Florida Panthers won the Stanley Cup.

Basketball provided a nice injection of revenue as a 12.3% hold led to $8.6 million of profits on a $70.2 million handle.

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