Casinos in Nevada continue to shine. The casinos across the Silver State collected nearly $1.24 billion in gaming revenue during February. So far, that’s the highest monthly figure, according to the Nevada Gaming Control Board (NGCB). It’s also an increase of 11% year-over-year (YOY).
The figure marks the 24th consecutive month surpassing $1 billion in gross gambling revenue (GGR).
Clark County casinos report $1.04 billion in revenue
Clark County has recorded ten months of over $1 billion in gaming revenue. Other locations, however, have seen revenue declines. To be more precise:
- Clark County (including the Strip, downtown Las Vegas, North Las Vegas, and the Boulder Strip) generated $1.04 billion, a 13.8% increase.
- The Las Vegas Strip generated $712.5 million, an almost 19% YOY increase
- Downtown Las Vegas recorded $74.2 million in gaming revenue, an almost 8% increase YOY
Washoe County, which includes casinos in Reno, Sparks, and North Lake Tahoe, recorded a 7.3% revenue YOY decrease. Sparks was the only property that showed a YOY increase to 13.4 million (4.5% YOY up). Other areas posted revenue decreases going up to 12.67%.
According to the NGCB, Silver State has generated over $75.5 million in gaming taxes. As for the fiscal year 2023, the state’s total for nine months is 1.6% up to $722.5 million.
Nevada casino games show YOY increase but monthly decrease
Slots accounted for $822.8 million of all monthly revenue. The figure is a 7.64% increase from the same time last year. It is still less than Nevada’s January 2023 casino revenue of $847.5 million.
Table, counter and card games revenue climbed to $411.5 million, an 18.85% YOY increase. Blackjack games led the way at $114.6 million. Still not successful as in January, when revenue from table games was $425.4 million, while blackjack revenue amounted to $120 million.
Visitor volume on the rise at Las Vegas casinos
The commission reported that the visitor volume in Las Vegas casinos went up by 17.8% in February. The Las Vegas Convention and Visitors Authority said almost 3.1 million visitors came to Las Vegas last month. The number includes more than 663,400 convention attendees. That’s a 51% YOY increase.
During January and February, Las Vegas visitor volume was 25% up compared to the first two months of 2022.
