Nevada’s December Gaming Revenue Continues Streak Of Billion-Dollar Months

Written By Katarina Vojvodic on January 31, 2024
Circus Circus Hotel And Casino In Las Vegas

For December, Nevada casinos reported $1.43 billion in total gaming revenue. The figure represents a 9.04% increase compared to December 2022, when casino licensees reported a gaming win of $1.31 billion.

December also marks the 34th consecutive month that the gaming revenue from Nevada casinos statewide surpassed $1 billion. It also surpassed the previous monthly high set in July.

For the fiscal year (from July 1, 2023 – Dec. 31, 2023), gaming win has increased 5.49%, according to the latest release issued by the Nevada Gaming Control Board.

Three out of 15 Nevada regions reported a yearly decline in gaming revenue

As mentioned, in December 2023, the NGCB’s 15 regions collected $1.43 billion altogether. Of that total:

  • Clark County collected $1.27 billion (9.75% annual increase)
  • Washoe County generated $80.35 million (2.87% annual drop)
  • South Lake Tahoe made $16,12 million (2.99% annual increase)
  • Elko County produced $36.42 million (a 14.96% yearly rise)
  • Carson Valley Area brought $11.71 million (a 13.51% yearly surge)

With the gaming win of $905.4 million representing an 11.2% increase from December 2022’s $814.2 million, Las Vegas Strip casinos contributed to the total yearly increase. Elko County was the region that recorded the biggest yearly increase coming from both Wendover (14.28%) and Balance of County (16.59%).

In the meantime, Washoe County was the only area to show a negative change from the same period last year, reporting a 2.87% drop, impacted mainly by Reno’s 7.21% decline.

The other regions that reported yearly declines were North Las Vegas and Laughlin, which belong to Clark County.

Nevada casino percentage fees increase yearly

According to the Nevada Gaming Control Board’s December 2023 report, the state collected $84.92 million in percentage fees during January 2024, based on the taxable revenues generated in December. The figure is a 27.27% (or $18.20 million) increase compared to January 2023, when percentage fee collections totaled $66.73 million.

Nevada sports betting revenue shows monthly and yearly incline

During December, Nevada’s betting handle (total bets) nearly reached $843.5 million. Nevada’s December sports betting handle was again among the top 10 handles in the US:

  1. New York $2.05 billion
  2. New Jersey $1.28 billion
  3. Penn. $925.57 million
  4. Nevada $843.5 million 
  5. Mass. $655.60 million
  6. Michigan $613.43 million
  7. Maryland $559.87 million
  8. Indiana $503.13 million
  9. Tennessee $495.07 million
  10. Louisiana $377.05 million

Although high, Nevada’s total bets in December still represent a decrease on a monthly and yearly basis.

However, the state’s gaming revenue of $59.1 million showed progress. December revenue represents a 7.06% increase compared to last year’s period ($55.20 million). It is also a 44.18% monthly rise from Nevada’s November gaming revenue of $40.99 million.

Photo by John Locher / AP Photo
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Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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