Nevada

Nevada Sports Betting Handle Fails To Hit $800 Million For March

Published

2 years ago

April 29, 2024

Nevada Sports Betting Handle Fails To Hit 0 Million For March

The Nevada Gaming Control Board reported sports betting handle of $785.3 million for March, the first time since 2021 operators failed to reach $800 million worth of action for that month.

Usually one of the busier times for sportsbooks with the men’s and women’s NCAA Tournaments, handle dipped 5.4% compared to the $830.5 million worth of bets placed in 2023. It was the second consecutive-year-over-year decline as Silver State sportsbooks accepted $862.8 million in wagers in March 2022.

Though Connecticut successfully defending its title on the men’s side did not help sportsbooks all that much, revenue was dragged down more by operators paying out winning football tickets. Sportsbooks totaled $12.9 million in losses for March as bettors cashed plenty of Kansas City Chiefs and Michigan Wolverines futures for their respective Super Bowl and College Football Playoff titles.

The losses incurred were $512,000 less than last year and $4.6 million less than the $17.4 million in payouts in March 2022. It was still enough, though, however to keep overall revenue under $30 million for the first time since last August. Operators finished with a 3.8% hold for March, resulting in $29.8 million in winnings — down 32.1% from last year as operators finished with a 3.8% hold.

Nevada also joined New Jersey ($49.8 billion) and New York ($41.4 billion) as the only states to surpass $40 billion in handle in the post-PASPA era.

Brick-and-mortar books take a beating

Running March #SportsBetting handle by state
1 New York $1.85B
2 New Jersey $1.33B
3 Penn. $800.7M
4 NEVADA $785.3M
5 N.C. $659.3M
6 Mass. $654.9M
7 Maryland $536.7M
8 Indiana $500.8M
9 Michigan $497.6M
10 Tenn. ~$472M#SportsBettingX #GamblingX
— Chris Altruda (@AlTruda73) April 25, 2024

After posting four holds of 11.2% or higher in the previous six months, in-person bettors finally hit back in March. Brick-and-mortar sportsbooks came out just $3.8 million ahead on $278.3 million worth of bets placed, and the 1.4% win rate was the lowest by retail operators since a 1.2% mark in July 2022. It was just the second time when not including pandemic-affected months that retail revenue represented less than 15% of overall revenue.

The eight-figure loss in football came with only $318,000 handle and obscured the fact sportsbooks did not do all that bad when it came to basketball wagering. They finished with a 5.3% hold against $611.4 million handle to win $32.5 million. Basketball handle, however, was down 6.8% year-over-year and 13.8% off the all-time monthly high of $708.9 million established in March 2022.

The catch-all “other” category, which includes golf, tennis, soccer, boxing, auto racing, and mixed martial arts in Nevada, ranked second in revenue with $7.6 million. It was the fourth time in the last five months the win rate eclipsed 8%, this time reaching 8.1% from $93.7 million handle.

The betting public fared well in hockey, limiting the house to a 1.6% hold and $730,000 from $45.6 million in bets placed. Operators had collected 10 times as much revenue on hockey bets in the first two months of 2024. Bettors also came away with a small windfall on parlay bets, collecting $155,000 from just $171,517 in such wagers to create a minus-90.4% hold.

Can Nevada get back to a $1 billion monthly handle?

As a state that still requires in-person registration to access sports betting apps, Nevada has now gone 26 months since last posting a $1 billion monthly handle — its record $1.11 billion wagered in January 2022. It is the longest drought among the five states to record at least one $1 billion monthly handle.

The $2.28 billion in accepted bets for the first quarter of the year was down 6% compared to the first three months of 2023, and March was the fifth time in the last six months that year-over-year handle figures showed declines.

Despite the decline in handle, revenue was up 5% year-over-year to $142.4 million thanks to a 6.2% win rate. The hold on mobile wagers was 5.1% — the first time it topped 5% in three consecutive months since the NGCB began breaking out those figures in January 2020 — as online books won $26 million from $507 million handle.

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Nevada

Nevada City to weigh water/wastewater treatment fee hikes

Published

11 hours ago

January 27, 2026

Press Room

Nevada City to weigh water/wastewater treatment fee hikes

Water and wastewater users in Nevada City could see fee hikes coming down the pipe as the City of Nevada City is currently going through steps needed to do so.

According to the city staff report, water users would see a 25% increase in costs each year for the next 5 years, while wastewater use would result in a 12% increase each year for the next five years.

For example, a water user currently paying $48 bi-monthly in fees, would be paying $198.41 bi-monthly by 2030.

A current wastewater user paying $159.31 bi-monthly, would be paying $250.67 bi-monthly by 2030.

“It is necessary to periodically review rates to ensure that the City can obtain sufficient funds to develop, construct, operate, maintain, and manage its water and wastewater system on a continuing basis, in full compliance with federal, state, and local requirements,” a staff report prepared by Interim City Manager Joan Phillipe said.

Council and staff will convene on the matter at their next regularly scheduled council meeting this Wednesday January 28 at 6:30 p.m. at Nevada City Hall, 317 Broad Street.

“It is recommended that City Council select a rate option for both water and wastewater and direct staff to initiate the Proposition 218 noticing process. This will involve public engagement and noticing to receive and consider feedback regarding the proposed rates and with public meetings and a hearing as mandated by Proposition 218 for formal adoption of rate adjustments,” the staff report said.

City to look at Enterprise Fleet services

Also at Wednesday’s meeting, the city of Nevada City will consider approval of an agreement with Enterprise Fleet Management to the tune of up to $400,000 per year.

“To increase fleet efficiency, reliability, and reduce expensive repair and fuel costs, staff has researched leasing options that would be a benefit to the organization,” the city staff report reads. “The City of Nevada City currently purchases all fleet vehicles on a cash basis, meaning the entire cost of each vehicle is paid at the time of purchase. This can be heavily impactful to the city as a whole and difficult to adequately budget for. Utilizing Enterprise Fleet Management would yield moderate savings while simultaneously improving fleet viability, safety, and appearance.”

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Nevada

Nevada hosts newly minted MW member Grand Canyon this Tuesday

Published

23 hours ago

January 26, 2026

Press Room

Nevada hosts newly minted MW member Grand Canyon this Tuesday

RENO, Nev. (KOLO) – The Nevada Men’s Basketball team will host new Mountain West member Grand Canyon University this Tuesday.

The game will be played in Reno at 7:30 p.m. on Jan. 27 and will be broadcast on FS1.

This will be the fourth time the two programs have played.

GCU is coming off a 68-57 win over Fresno State and are 14-6 on the season.

Meanwhile, Nevada is coming off an 80-73 loss to New Mexico on Saturday.

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Nevada

22 things to do this week: Nevada-UNLV, Brew HaHa and more

Published

1 day ago

January 26, 2026

Press Room

22 things to do this week: Nevada-UNLV, Brew HaHa and more

Does it seem like everyone’s getting snow but us? While most of the country is digging out from a round of snowstorms, northwestern Nevada and the Sierra are struggling through low-precipitation conditions.

This week might bring a degree of relief, with a chance of precipitation from Wednesday through Sunday, especially around Lake Tahoe.

We might not have much of a snowpack, but the calendar is packed. Nevada men’s basketball has a pair of home games this week, including a big one on Friday night against in-state rival UNLV, and the Reno Ice Raiders will host a two-game set against San Diego. The Sierra Arts Foundation’s annual beer-and-music fundraiser is set for Saturday night, and the concert lineup includes everything from country-rock to indie to jazz and funk.

Here’s a look at the week ahead for Reno, Sparks, Lake Tahoe and northwestern Nevada as the calendar rolls into February.

Reno-Tahoe events, Jan. 26-Feb. 1

Carnival of Chaos Tour, Jan. 26: Quite a mixed bill here, as rapper Ouija Macc and Wacco The Kidd team with humorous punk/metal band Green Jelly and a troupe of wrestlers — all hosted by Insane Clown Posse member Violent J. It all begins at 6:30 p.m. at Virginia Street Brewhouse, 211 N. Virginia St. Tickets are $35-$40. Details at jmaxproductions.net.

Weakened Friends, Jan. 27: For a decade, this band from Portland, Maine has been beguiling indie rock fans with its post-punk influenced sound. They play at 7 p.m. at Holland Project, 140 Vesta St. Tickets are $17-$19. Details: 775-742-1858 or hollandreno.org.

Nevada men’s basketball vs. Grand Canyon University, Jan. 27: The Wolf Pack hosts the Lopes in a Tuesday evening matchup at Lawlor Events Center, 1664 N. Virginia St. Tipoff is set for 7:30 p.m. For details and tickets, call 775-348-7225 or visit nevadawolfpack.com.

Dexter and the Moonrocks, Jan. 27: A country-rock group from Texas that has dubbed its sound “Western space grunge,” this band plays at 8 p.m. at Virginia Street Brewhouse, 211 N. Virginia St. Tickets are $30-$40. Details at jmaxproductions.net.

“Lonely Planet,” Jan. 28-31: It’s the final week for this two-person play about gay friends navigating loneliness and connection against the backdrop of the AIDS epidemic in the 1990s. Performances are at 7:30 p.m. Wednesday, Thursday, Friday and Saturday; Wednesday’s performance includes a 60-minute pre-show, “Living Memory: An Intergenerational Conversation.” It’s happening at Brüka Theatre, 99 N. Virginia St. For details and tickets, visit bruka.org.

Dave Mason, Jan. 29: The famed singer/songwriter/guitarist known for his time with Traffic, session work and a solo career will be sharing stories from his new book, “Only You Know And I Know” at this spoken-word event and will answer audience questions during this show. It takes place at 6 p.m. at Nashville Social Club, 1105 S. Carson St., Carson City. Tickets are $130-$140. Details at thenashvilleclub.com.

Your Arms Are My Cocoon, Jan. 29: A lo-fi emo-pop concoction from Chicago, this solo artist plays at 7 p.m. at Holland Project, 140 Vesta St. Tickets are $12-$15. Details: 775-742-1858 or hollandreno.org.

The Bunny The Bear, Jan. 29: This band from Buffalo, New York that mixes electronic music with metal plays at 8 p.m. at Club Underground, 555 E. Fourth St. Tickets are $5. Details at clubundergroundreno.com.

Sang Matiz, Jan. 29-31: With a myriad of influences, this Bay Area band combines funk and jazz with music from South American and Africa. They play at 7 p.m. the first night and 8 p.m. subsequent nights at Terrace Lounge, Peppermill Resort Casino, 2707 S. Virginia St. Details at peppermillreno.com.

“The Cottage,” Jan. 29-Feb. 1: A comedy about marriages, secrets and human relationships, set in a cottage in the English countryside. Performances are at 7:30 p.m. Thursday, Friday and Saturday and 2 p.m. Sunday at Reno Little Theater, 147 E. Pueblo St. For details and tickets, visit renolittletheater.org.

Nevada men’s basketball vs. UNLV, Jan. 30: It’s rivalry time! The Wolf Pack hosts the Rebels in a Friday night matchup at Lawlor Events Center, 1664 N. Virginia St. Tipoff is set for 7 p.m. For details and tickets, call 775-348-7225 or visit nevadawolfpack.com.

Reno Ice Raiders vs. San Diego, Jan. 30-31: Reno’s semipro hockey team hosts the Renegades in a two-game set at Reno Ice, 15500 Wedge Parkway. For details and tickets, visit renoiceraiders.com.

Magique, Jan. 30-31: A show that blends magic, comedy and dance takes place at 8 p.m. Friday and Saturday. Shows are at the Celebrity Showroom, Nugget Casino Resort, 1100 Nugget Avenue, Sparks. Tickets are $60-$140. For details, call 775-356-3300 or visit cnty.com/nugget.

Winter Band Wars, Jan. 31: A contest show featuring 16 bands or artists from Reno. It takes place at 7 p.m. each night at Club Underground, 555 E. Fourth St. Shows are Jan. 31, Feb. 7 and 21. Tickets are $10-$20 for each show. Details at facebook.com/clubundergroundreno.

Shane Dwight, Jan. 31: The blues/Americana guitarist from Nashville will play at 7:30 p.m. at Nashville Social Club, 1105 S. Carson St., Carson City. Tickets are $30-$35. Details at thenashvilleclub.com.

Brew HaHa 2026, Jan. 31: A fundraiser for Sierra Arts Foundation, this annual event includes a live band among the beer sampling from regional brewers. It begins at 8 p.m. at the Grand Ballroom, Nugget Casino Resort, 1100 Nugget Avenue, Sparks. Tickets are $75-$95. For details, call 775-356-3300 or visit cnty.com/nugget.

Hashtronaut, Jan. 31: A stoner/doom band from Colorado that’s gaining a big audience from touring, Hashtronaut plays at 8 p.m. at The Alpine, 324 E. Fourth St. Tickets are $15. Details at thealpine-reno.com.

Analog Dog, Jan. 31: Not beholden to a particular genre, but having elements of modern indie pop, jazz fusion and neo-disco, this group from San Francisco plays at 8:30 p.m. at Lo-Bar Social, 445 California Avenue. There is a $5 cover charge. Details at lobarsocial.com.

Boogie T, Jan. 31: This bass music DJ/artist, whose real name is Brock Thornton, performs at 9 p.m. at Cargo, Whitney Peak Hotel, 255 N. Virginia St. Tickets are $35-$45. For details, call 775-398-5400 or cargoreno.com.

Justin Martin, Jan. 31: Putting together a mix of bass music and house, this DJ/artist performs at 9:30 p.m. at Cypress, 761 S. Virginia St. Tickets are $25-$50. Details at freshbakin.com.

Jo Passed, Feb. 1: Led by multi-instrumentalist Jo Hirabayashi, this group from Canada on the Sub Pop roster merges indie-folk with ’70s electronic styles. They play at 7 p.m. at Holland Project, 140 Vesta St. Tickets are $10-$12. Details: 775-742-1858 or hollandreno.org.

WonkyWilla, Feb. 1: This bass music DJ/producer from Florida performs at 8 p.m. at The Alpine, 324 E. Fourth St. Tickets are $30-$40. Details at freshbakin.com.

Reno-Tahoe weather, Jan. 26-Feb. 1

Monday: Mostly cloudy in the morning, then partly cloudy; highs in the upper 40s to low 50s in the valleys and in the upper 30s to mid-40s at higher elevations. Partly cloudy overnight, with lows in the upper 20s in the valleys and in the mid-10s to mid-20s at higher elevations.

Tuesday: Partly cloudy, with highs in the upper 40s to mid-50s in the valleys and in the mid-40s at higher elevations. Mostly cloudy overnight, with lows in the upper 20s to low 30s in the valleys and in the 20s at higher elevations.

Wednesday: In the valleys: partly cloudy, with highs in the upper 40s to mid-50s. Around Lake Tahoe: mostly cloudy, with a slight chance of afternoon snow; highs in the low 40s. Mostly cloudy overnight, with a slight chance of rain and snow at higher elevations. Overnight lows in the upper 20s to low 30s in the valleys and in the 20s at higher elevations.

Thursday: Partly cloudy with a chance of rain and snow at higher elevations; highs in the upper 40s to mid-50s in the valleys and in the low 40s at higher elevations. Partly cloudy with a chance of precipitation overnight, with lows in the low 20s to low 30s in the valleys and in the upper 10s to upper 20s at higher elevations.

Friday: Mostly sunny, with highs in the upper 40s to upper 50s in the valleys and in the low 40s to low 50s at higher elevations. Partly cloudy with a chance of snow overnight, with lows in the mid-20s to mid-30s in the valleys and in the 20s at higher elevations.

Saturday: Mostly sunny, with highs in the 50s in the valleys and in the mid-40s to mid-50s at higher elevations. In the valleys: mostly clear overnight, with lows in the mid-20s to mid-30s. Around Lake Tahoe: partly cloudy with a slight chance of snow overnight, with lows in the 20s.

Sunday: In the valleys: partly cloudy, with highs in the upper 40s to upper 50s. Around Lake Tahoe: cloudy with a chance of precipitation, with highs in the low 40s to low 50s. Cloudy overnight, with lows in the mid-20s to mid-30s in the valleys; a chance of snow around Lake Tahoe, with lows in the 20s.

Northern Nevada roads, Jan. 26-Feb. 1

Before traveling over Sierra passes, check the latest weather conditions at nvroads.com and roads.dot.ca.gov.

North McCarran Boulevard: Lane reductions will be in place on North McCarran between Keystone Avenue and Sullivan Lane as the Nevada Department of Transportation conducts crack sealing on the roadway surface. Lane reductions are set to take place through Thursday from 9 a.m. to 3:30 p.m. and 6:30 p.m. through 1 a.m.

West Fourth Street: Work is underway on a project to widen sidewalks, improve lighting and add ADA-compliant ramps at key locations on Fourth Street west of downtown. For more information, visit fourthstreetimprovements.com.

Mill Street, Reno: Work continues on Mill Street between I-580 and Golden Lane while crews work on utility trenching. For the latest updates, visit millstreetwidening.com.

Arlington Avenue, Reno: The bridges over the Truckee River on Arlington Avenue have been demolished, and traffic is being re-routed to nearby bridges. Replacement bridges will be completed in summer 2026.

Sparks Boulevard, Sparks: Work continues on the Sparks Boulevard Capacity Improvement Project, which will expand the route from four lanes to six on the roughly two-mile stretch between I-80 and Baring Boulevard. Expect round-the-clock lane closures between Springland/O’Callaghan Drive and Baring Boulevard through mid-March. For the latest updates, visit sparksblvdproject.com.

Mark Earnest contributed to this report.

Brett McGinness is the engagement editor for the Reno Gazette Journal. He’s also the writer of The Reno Memo — a free newsletter about news in the Biggest Little City. Subscribe to the newsletter right here. Consider supporting the Reno Gazette Journal, too.

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