From $4B to $50B: States Approach Sports Betting Milestones

Written By:

Bryce Meades

Published On:

August 11, 2025 11:56 AM

NH, NV, CT & Virginia Nearing Sports Betting Milestones - Nevada Sportsbook
  • Nevada sportsbooks have approached a betting handle of $50 billion since 2018.
  • Other sports betting milestones include New Hampshire closing in on $4 billion since their launch.
  • As Connecticut nears $7 billion placed in sports bets, West Virginia has seen almost $25 billion.

LAS VEGAS – Sports betting in Nevada, New Hampshire, Virginia, and Connecticut are all nearing significant milestones in the amount of money bet.

Since May 2018, Nevada’s sports betting handle is nearly $50 billion, ranking second nationally.

Popular sportsbooks in Nevada like BetMGM have helped pushed this along while FanDuel and DraftKings remain on the outside as dominant players.

Nevada’s near $50 billion handle can be largely attributed to tourism and sporting events, including March Madness betting and the NFL season.

New Hampshire Closing In On $4 Billion

The amount of money bet on sports in New Hampshire has hit $3.9 billion per the latest gaming revenue report in NH.

DraftKings, the single operator for New Hampshire sports betting, has seen excellent growth despite these limitations.

New Hampshire Sports Betting Handle And Revenue Data

Year Handle Revenue
2019 $360,726 $44,759
2020 $292,550,269 $23,637,613
2021 $703,899,047 $43,827,560
2022 $891,727,580 $66,714,384
2023 $821,707,403 $80,288,654
2024 $793,382,689 $79,068,326
2025* $349,903,282 $41,648,749
  • *Data through June 2025

Connecticut Sports Betting

Connecticut is approaching a $7 billion handle, maintaining a monthly handle averaging around $175 million over the last two years.

With legal online sports betting accounting for the majority of the state’s handle, the NFL season significantly impacted Connecticut’s growth. During football last year, legal Connecticut sportsbooks handled $1.3 billion (up from $1.1 billion during the 2023-2024 season).

Helping the state bring in over $16 million in tax revenue, NFL betting this year should gravitate toward $1.5 billion.

Virginia Sports Betting Data

Another month shy of reaching $25 billion, bettors in Virginia have been very active since their January 2021 launch. The handle rose from $3.2 billion in 2021 to $6.9 billion in 2024, while Virginia sportsbooks are on pace to exceed that in 2025.

  • Chart created by InGame Intel

As the US begins year eight of sports betting, the amount of money bet on sports in the US surpassed $43 billion nationwide in the first quarter alone.

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Ben Fiore

Bryce Meades

Bryce began writing for Legal Sports Betting in 2025, and studies English at Florida State University. She has a passion for wellness, and spends her free time chasing personal goals.