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Nevada casinos had a record-breaking month of gaming revenue in September. Casinos in the Silver State collected $1.27 billion. This was the 31st consecutive month for Nevada casinos to win more than $1 billion from gamblers.
Once again, Nevada gaming revenue was buoyed by Clark County. Casinos in Las Vegas and surrounding areas collected the vast majority of gaming revenue for the state.
The big month for Las Vegas came despite a significant dip in slot machine revenue. The games that generate the most money for a casino were offline at various MGM Resorts casinos on the Vegas Strip while the casino operator was under a cyberattack.
Overall, Las Vegas saw a slight downturn in visitors during the month. Even though there were slightly fewer visitors than in September last year, hotel room rates rose again.
Looking ahead, casinos are seeing solid demand in October and have high expectations for the Las Vegas Grand Prix in November. During its $1 reiterated it expects to see an increase in revenue when the F1 race hits Las Vegas.
September Las Vegas gaming revenue, comparison by area
Clark County’s gaming revenue in Sept. was $1.06 billion. This was a 2.79% increase in gaming revenue for the same period last year.
Most segments in the market saw a decrease in gaming revenue during the month. However, the Vegas Strip had a 6.94% increase from the Nevada Gaming Control Board (NGCB), in September, Vegas Strip casinos saw an 87.81% increase in baccarat revenue last year. These casinos won $147 million from baccarat players for the month.
For comparison, blackjack was a distant second in revenue for Vegas Strip table games with $74.7 million. The top five revenue-generating games for these casinos are rounded out with sports betting winning more than roulette and craps, respectively.
Looking ahead to later this month, the Las Vegas Grand Prix expects to draw many international high rollers. Baccarat is often their game of choice. The NGCB will officially release that information in about two months.
