Nevada casinos had a perfect start to 2023. According to the Nevada Gaming Control Board’s report released Tuesday, the statewide gaming revenue for January 2023 was $1.27 billion. The figure is an 18% increase from January 2021’s $1.07 billion.
What’s more, the Nevada gambling market recorded its 23rd consecutive month of surpassing $1 billion in gambling revenue.
Most Nevada casino games are on the rise
- Revenue from slot machines in January 2023 was $847.5 million statewide, climbing 16% year-on-year.
- Meanwhile, revenue from table, counter and card games was $425.4 million, a 22.5% increase from last year.
- Revenue from baccarat was $89.9 million, a 38.7% increase compared to a year ago.
- Blackjack revenue amounted to $120 million, a 13% increase from January last year.
Las Vegas Strip casinos brought the majority of January’s increase
Strip casinos accounted for the majority of January’s statewide increase. Clark County’s total gaming revenue was almost $1.13 billion, a 21.6% increase from January 2022.
Clark County Las Vegas Strip Area revenue climbed almost 15% year-on-year to $763.5 million. Total gaming amounted to $713.2 million, a 25.7% increase from January 2022.
Nevada casinos outside the Strip increased gaming revenue by 9.4 %
Control board senior economic analyst, Michael Lawton, said the state’s combined markets outside of the Strip increased gaming revenue. In January 2023, their revenue increased by 9.4%.
Lawton explained January’s busy Las Vegas special events calendar helped boost double-digit gaming revenue increases beyond the Strip. That includes downtown, the Boulder Strip, and the balance of Clark County. He said:
“[The] trade shows returned to the Las Vegas Convention Center in January with much higher anticipated attendance this year compared to last year.”
Downtown Las Vegas reported $83.95 million in revenue, which was a 24% year-on-year increase. In the meantime, Douglas County South Shore Lake Tahoe Area revenue was $19.89 million, a 23.6% year-on-year incline.
Elko County reported $32.66 million in revenue, which is a 3% year-on-year increase.
Washoe County Reno Area recorded $42.5m in revenue. It was a nearly 20% year-on-year decline. Likewise, Washoe County North Shore Lake Tahoe Area recorded a revenue decline compared to January 2022. Its January 2023 revenue was $1.9 million, a 14% decline from last year.