- Nevada sportsbooks generated $21.9 million in baseball betting revenue in June, a 103.1% increase from the $10.8 million reported in June 2024.
- Baseball betting drove $55.5 million in Q2 revenue, up 72% year-over-year and surpassing all other sports in Nevada for the second straight month.
LAS VEGAS – Baseball betting in Nevada is enjoying a historic run, with sportsbooks more than doubling their year-over-year revenue from the sport in June.
According to legal sports betting figures released by the Nevada Gaming Control Board, sportsbooks reported $21.9 million in baseball revenue last month, a 103.1% increase from the $10.8 million generated in June 2024. The figure also surpassed May’s previous all-time high of $21.4 million, marking back-to-back record-setting months for baseball betting.
The strong performance helped push Nevada’s Q2 baseball revenue to $55.5 million, a 72% jump from the same three-month stretch last year.
Thank The Hold Rate
Baseball now leads all sports in monthly wagering revenue in Nevada, a rarity in a state that traditionally sees stronger numbers from football and basketball.
Several factors contributed to the MLB betting surge this summer, including higher hold rates (8.4% in June, up from 6.2% last year) and more competitive betting offerings during a relatively quiet post-NBA period.
Further, mobile betting accounted for nearly $30 million of June’s total sports betting revenue, a 78% year-over-year increase.
While the overall handle in June was down slightly from May (dipping just below $500 million for the first time since last August), baseball betting is providing Nevada sportsbooks with a critical summertime boost.
With NFL betting approaching, the industry will be watching closely to see whether baseball’s hot streak continues or cools off when football returns.
