Sports Betting Soars During March In Nevada

The NCAA March Madnessbasketball tournaments gave a boost to sports betting activity in Nevada.

The state reported a monthly handle of $863.3 million this year in March, an increase of 10.6% from February’s $780.8 million, according to Nevada Gaming Control Board totals released Thursday.

The March 2022 handle was 34.7% more than March 2021’s $641 million.

Mobile betting made up 66.8% of the total handle this year in March, with $576.6 million in bets, an increase of 12.5% from February’s $512.4 million.

The March mobile handle this year was 49.7% higher than March 2021’s $385.1 million.

Nevada’s sports betting revenue for March came to $36.9 million, 19.4% more than February’s $30.9 million but a decline of 6.2% from March 2021’s $39.3 million.

The total gaming win in Nevada for March was $1.35 billion, an increase of 26.83% from the $1.06 billion win during the same month in 2021.

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Hockey’s Strong March Results

Thanks to March Madness, basketball was the most bet on sports in Nevada during the month. Basketball took in $708.9 million in wagers.

Other sports combined for $74 million of the handle, while hockey was second at $73.9 million.

Baseball was the only other sport to exceed the $1 million mark, taking in $5.6 million in bets. Football rounded out the top five at $472,075.

With the NBA bettingplayoffs starting in April and NHL postseason set to begin, expect both basketball and hockey to be near the top in handle numbers going forward.

Baseball will also see an increase in handle with the MLB season beginning in April.

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