Nevada’s $1 Billion Gaming Revenue Streak Extends To 28 Consecutive Months

Written By Nicholaus Garcia on July 28, 2023
Nevada June Revenue Report

Although Nevada casino revenue experienced another dip in June, the industry still surpassed $1 billion in revenue for the month. 

According to recent data from the Nevada Gaming Control Board (NGCB), casinos posted nearly $1.25 billion in June revenue. However, that’s down 2.4% compared to June 2022, when casino gaming collected about $1.28 billion. 

Nevada revenue is down slightly month-to-month

Even though Nevada casinos have recorded year-over-year revenue declines in three out of the last four months, June’s $1.25 billion gives Nevada 28 consecutive months of at least $1 billion in revenue. 

As a result, Nevada collected $78.6 million in state taxes in June, representing a 1.45% increase compared to the year prior.  

Although total revenue is still down from May, when operators collected $1.3 billion in revenue, it is better than April’s $1.20 billion.

While casino gaming might be improving, sports betting has seen better days. 

Nevada sportsbooks collected $9.5 million in revenue for the month, down 60.1% compared to a year ago. Sports betting operators held less than 2% of all wagers compared to nearly 4.9% in June 2022. 

Fiscal year figures looking strong

As mentioned, June’s $1.25 billion was down 2.44% compared to the $1.27 billion in June 2022. 

For the fiscal year — July 1, 2022, through June 30, 2023 — gaming revenue has increased 3.25% to $15.1 billion. 

Clark County Las Vegas Strip Area reported a year-over-year increase of 4.84%, going from $12.6 billion in FY2022 to $13.1 billion in FY2023. For June, casino revenue stood at $727.3 million, a 1% decline from 2022. 

Clark County Downtown Las Vegas revenue also climbed year-over-year by 1.99%, going from $880 million in FY2022 to $898 million in FY2023.

Outside of Clark County, Elko County experienced a significant year-over-year boost going from over $383 million to just shy of $400 million ($398 million). Similarly, Washoe County grew gaming revenue by 10% in June to $94.2 million. 

Some FY2023 percent changes by area:

  • LV Strip: 4.84%
  • Downtown: 1.99%
  • North Las Vegas: 1.50%
  • Reno: -0.44%
  • North Lake Tahoe: -7.13%
  • Carson Valley area: -2.45%

For the first six months of 2023, statewide gaming revenue is up 3.6% compared to last year’s $14.8 billion. 

Photo by PlayUSA
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Nicholaus Garcia

Nick Garcia is a senior reporter for PlayUSA. Garcia provides analysis and in-depth coverage of the gambling industry with a key focus on online casinos, sports betting and financial markets. Garcia has been covering the US gambling market since 2017. He attended Texas Tech University as an undergrad and received a Master of Arts in Journalism from Columbia College Chicago.

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