The Nevada Gaming Control Board reported $42.1 million in adjusted gross sports betting revenue for June on Wednesday, with operators setting a post-PASPA monthly high for baseball winnings.
Overall sportsbook winnings were up 41.1% from last year, and the $29.9 million claimed in mobile revenue exceeded June 2024’s total revenue of $29.8 million. Handle was up 3.1% to $496.6 million, and the 8.5% hold was an increase of nearly 2.3 percentage points.
June marked the first time since September and October 2019 that Nevada sportsbooks combined for a collective hold of 8% or better in back-to-back months. The house had an 8.1% win rate in May.
June brought a close to Fiscal Year 2025, and the surge by operators over the last two months contributed to 12-month figures being down only slightly from FY 2024. The $8 billion wagered from July 2024 through June 2025 was down 0.9%, and the $510.6 million in revenue was down 0.4%, an amount of less than $2.3 million. The $34.5 million in tax receipts from sports betting in FY 2025 was down $154,845.
A big month for baseball betting
A majority of betting action in June across Nevada — and the nation — turned to baseball as the NBA Finals and Stanley Cup Finals are usually decided in the first half of the month. While the $268.7 million in accepted wagers for baseball was up a modest 3.5% from the previous June, revenue more than doubled to $21.9 million as operators crafted an 8.2% hold.
It was the first time in the post-PASPA era monthly baseball revenue surpassed $20 million in Nevada, with the previous high in July 2023 coming $16,000 short. June also marked the first time Nevada sportsbooks posted 8% or better holds in back-to-back months during the MLB regular season post-PASPA.
The ‘others’ a prime source of revenue
For the second consecutive month, wagering in the NGCB’s catch-all “other” category of sports including golf, tennis, soccer, boxing, MMA, and auto racing provided the second-largest chunk of winnings for operators. The $12.7 million in revenue claimed also was an all-time, monthly post-PASPA high, eclipsing the previous best of $10.4 million last September. The house had an 11%-plus win rate on such bets for the second straight month, reaching 11.4% against $111.8 million handle.
Basketball revenue dipped 4.3% to $8.3 million, but handle surged 36.8% to $96 million as the Oklahoma City Thunder stormed their way to the NBA title. Though sportsbooks had a solid 8.6% hold, that was down 3.7 percentage points from June 2024.
The Florida Panthers repeating as Stanley Cup champions dragged hockey revenue down 90.3% to $377,000. Bettors did not seem overly enthused by the Panthers facing the Edmonton Oilers for a second straight year as handle plunged 31.4% to $17.7 million.
While operators paid out $1.2 million above the $2.3 million worth of bets placed on football in June, that figure was down 39.2% compared to last year. Spring and summer is usually a time when bettors cash their winning Super Bowl tickets, but the $19.2 million paid out above the $6.4 million football handle spanning the last four months is significantly less than the $24.1 million outlay above $6.8 million worth of bets placed from March-June 2024.
