The Nevada Gaming Control Board (NGCB) reported $42.6 million in sports wagering operator revenue for April on Wednesday as mobile sportsbooks in the Silver State saw increased action and improved outcomes.
Digital wagering totaled $483.1 million, up 23.9% from last year. It accounted for 78.1% of the overall $618.8 million handle, the highest monthly percentage not impacted by the COVID-19 pandemic since the NGCB began releasing monthly mobile figures in January 2020.
Mobile sportsbooks had a 6.9% hold in April, and the $33.2 million in winnings represented a year-over-year increase of 35.3%. Total winnings were up 38.3% year-over-year and nearly double the $22.3 million claimed in March.
Overall handle was up 8.7% compared to last year, moving the year-to-date handle into a growth area compared to 2024. The $2.88 billion wagered the first four months of 2025 is up 1.1% versus last year, with the increase in revenue slightly outpacing that at 3.2% to $178.7 million.
The state collected $2.9 million in taxes from sports wagering, and the $12.1 million thus far this year is running $373,275 ahead of 2024.
Mobile winnings as share of total revenue increases
Online sportsbooks have accounted for $114.4 million in revenue this year, which is 64% of the overall total. That is pacing to be notably higher than the 59.3% share for all of 2024 and the 50.3% share since 2020. The $2.03 billion mobile handle this year is up 10.8% compared to the first four months of 2024 and represents 70.4% of total wagering.
In terms of sports category wagering, Silver State sportsbooks are still paying out winning football tickets well above wagering, with the $5.1 million difference dragging down overall April revenue. Despite an all-chalk Final Four, sportsbooks still had a solid April with an 8.5% hold on all basketball bets, collecting $20.9 million from $245 million wagered.
The first full month of baseball season was also good to sportsbooks as they claimed $12.2 million in revenue from $214.6 million handle, good for a 5.7% win rate. Operator winnings were up 13.8% from the previous April, while handle climbed 13.6%.
Colorado sportsbooks post rare 9% hold in April
To the east, the Colorado Department of Revenue reported $47.3 million in gross sports wagering operator revenue for April on Wednesday as sportsbooks eclipsed a 9% hold for just the tenth time in 60 months of wagering.
Sportsbooks across the Centennial State posted a 47.6% year-over-year increase in winnings while handle was close to flat at $507.9 million. April’s numbers extended a strong start to the year for operators, who have collectively posted three 9%-plus win rates this year after doing so three times the previous 21 months. The state saw an inflow of $3.4 million in tax receipts to coffers, and the $13.4 million thus far in 2025 is $3.2 million ahead of last year’s pace.
A spike in parlay action fueled the rise in revenue, with the $20.3 million in operator winnings up 26% and slightly outpacing the 25.5% increase in handle to $131.9 million. The 15.4% hold was up less than one-tenth of a percentage point.
Colorado’s favorite niche sport for wagering — table tennis — contributed record monthly revenue of $2.6 million with a 10.7% hold against $24.6 million wagered. The $8.4 million in winnings this year is more than double the $3.6 million claimed through the first four months of 2024 as handle has skyrocketed 108.2% to $106.6 million.
There was also a positive revenue swing of $2.1 million in college basketball wagering as the house claimed $1.4 million with a 13.2% win rate from $10.4 million handle. Last year, operators paid out $680,271 above the $8.5 million in accepted wagers.
Pro basketball was the top sport for wagering with $146.4 million handle, and the 5.3% hold that generated $7.7 million in revenue was a full percentage point higher than last year.
