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Tag: Nevada gaming revenue

  • Nevada Gaming Revenue Up in August • This Week in Gambling

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    Nevada gaming revenue reached $1.23 billion in August, rising 5.5 percent compared to the same month last year, according to data from the Nevada Gaming Control Board. The result marked the 54th consecutive month the state has surpassed the $1 billion mark, underscoring continued strength across key gaming sectors. Table games and card games led much of the growth, generating $411.8 million, up 12.6 percent year over year. Baccarat was the standout performer, with revenue surging 52.6 percent to $116.5 million, fueled by increased play from international visitors and favorable hold rates.

    Sports betting also delivered significant gains. Revenue from sportsbooks grew 68.1 percent to $42 million, driven by the return of college football and the NFL preseason. Mobile wagering nearly doubled to $29.4 million and accounted for about 73 percent of total sports betting revenue. Football alone brought in $16.3 million during the month.

    Clark County, home to the Las Vegas Strip, produced $1.03 billion in revenue, a 5.3 percent increase over August 2024. The Strip itself accounted for $652.1 million, up 2 percent year over year. Baccarat play and strong performance from multi-denomination slot machines, which jumped 14.2 percent, contributed to those gains. However, penny slot revenue declined sharply, falling 31.2 percent to $93.1 million.

    Revenue trends varied across other regions. Downtown Las Vegas grew 8.3 percent to $63.2 million, and North Las Vegas climbed 7.8 percent to $24.7 million. Laughlin saw revenue decline 7.1 percent to $41 million, while the Boulder Strip slipped 1.1 percent to $84.8 million. Outside Clark County, Washoe County reported a 7.4 percent increase to $102.8 million, with Reno up 9.9 percent to $76.1 million. South Lake Tahoe revenue surged 21.5 percent, Mesquite rose 9.9 percent, Carson Valley increased 8.9 percent, and Elko County posted a slight 0.8 percent decline.

    Analysts attribute the rise in Nevada gaming revenue to strong baccarat results, favorable hold percentages, and an additional Sunday in the August calendar compared to last year. The sustained growth highlights the state’s resilience amid evolving market conditions and signals continued momentum heading into the fall tourism and convention season.

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  • Nevada Revenue Hits $1.34 Billion in February • This Week in Gambling

    Nevada Revenue Hits $1.34 Billion in February • This Week in Gambling

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    Among the various gaming options, slots led the revenue charge, generating $827.6 million for the month, a modest uptick of 0.6% from the previous year. Within this category, multi-denomination slot games contributed $536.6 million, while penny slot machines added $207.6 million. Interestingly, only multi-denomination slot games experienced growth in February, with revenue dipping across all other game types within this segment.

    Baccarat emerged as a standout Nevada revenue performer  in February, witnessing a remarkable 75.5% surge in revenue, totaling $180.1 million. Additionally, blackjack revenue saw a notable uptick of 15.6% to $132.5 million, while craps revenue rose by 22.0% to $44.7 million. Other notable areas of growth included Ultimate Texas Hold’em, which saw a 4.4% increase in revenue, reaching $18.0 million, and pai gow poker, which experienced a 4.7% rise, reaching $10.4 million.

    February also marked the hosting of the Super Bowl in Nevada this year, held at the Allegiant Stadium, where the Kansas City Chiefs emerged victorious with a 25-22 win over the San Francisco 49ers. As expected, Nevada experienced a significant 16.0% increase in sports pool revenue in February, reaching $47.9 million.

    Interestingly, while American football contributed a substantial portion, accounting for $12.0 million, other sports also played a significant role in driving this surge. This biggest money generator for sport operators was actually basketball, with revenue hitting $24.7million. A further $4.3 million came from hockey betting and $7.7 million other sports, although baseball betting generated a $929,000 loss.

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  • Record Nevada Gaming Revenue Continues • This Week in Gambling

    Record Nevada Gaming Revenue Continues • This Week in Gambling

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    We haven’t mentioned it in a while, but the billion dollar streak for Nevada gaming revenue has quietly been continuing for over two years. November of last year marked the 33rd consecutive month, in fact. And it was helped a lot by the Las Vegas Grand Prix.

    Statewide, casinos and sports betting were able to bring in just north of $1.37 billion. That’s a jump of more than 12% rise from the same time last year. The resorts on the Las Vegas Strip accounted for close to 55% of the state’s total revenue.

    Some interesting numbers within the Nevada gaming revenue numbers find that sports betting rose almost 10% and generated more than $60 million, with over $35 million of that total coming from mobile devices. Slot machine revenues fell slightly, but baccarat jumped over 35% due to the influx of “high rollers” for the big race.

    It wasn’t all rose petals, though. Downtown Las Vegas and the Fremont Street area resorts reported just north of $81 million in gaming revenue. That’s a dip of about 2% when compared to the same time last year, which generated close to $83 million.

    Senior Economic Analyst Nevada Gaming Control Board, Michael Lawton, stated that “The four-day period beginning on November 16th was extremely profitable for both gaming and non-gaming activity on the Las Vegas Strip with some properties estimating those days established all-time record levels of revenue.”

    Looking forward to when the numbers for December are reported, there is a lot of optimism that the streak of billion dollar months for Nevada gaming revenue will continue. This due to the New Year’s Even holiday, and the fact that two new properties were welcomed with the grand opening of Fontainebleau and Durango casinos.

     

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