Nevada Casinos Continue Record-Setting Streak In October

Written By Derek Helling on November 30, 2023
las vegas strip at night

Another month, another record high for Nevada casino revenue. It’s long past the time when a month in which Nevada’s gambling industry didn’t set a new high would actually be more remarkable than the news of unprecedented revenue totals.

October 2023 now stands as the most lucrative October for Nevada casinos ever. During October 2023, two parts of Clark County played the biggest part in setting that new record.

Nevada casinos hit new October high

nevada gambling revenue october 2023Across Nevada, casinos improved upon their previous October numbers by a small margin in 2023. However, even a small margin is sufficient to produce a new record high. Additionally, October’s revenue total was enough to push the streak of at least a billion dollars in revenue to 32 consecutive months for Nevada.

Nevada casinos’ revenue for the current fiscal year is also up marginally compared to FY2022-23 through its first four months. Part of why the overall numbers are slightly up is a better October for sportsbooks in Nevada.

Nevada’s sportsbooks won about 16.6% more in October 2023 than they did in the same month in 2022. Building on that to create a positive annual comparison were the larger numbers for two recent heroes of Nevada’s gambling industry.

Laughlin, The Strip continue to win big

September Nevada casino revenue showed that casinos in Laughlin and on The Strip in Las Vegas comprised the only two of the Nevada Gaming Control Board’s regions that saw significant year-over-year growth. The same held true for October.

In October, the Strip saw an improvement of just under 7% while Laughlin came in at 6.4% growth. All of the other regions experienced only marginal improvement or annual declines according to the board. Because of the abundance of regions without significant growth, tax revenue for Nevada also diminished by a small margin.

While it further looks doubtful that the current fiscal year will be a record-breaking period, 2023 is still giving Nevada’s gambling industry new standards to work to beat in the future.

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Derek Helling

Derek Helling is the assistant managing editor of PlayUSA. Helling focuses on breaking news, including finance, regulation, and technology in the gaming industry. Helling completed his journalism degree at the University of Iowa and resides in Chicago

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