Nevada’s gaming industry marked a significant milestone in October, reporting an impressive 2.69% year-on-year increase in gaming revenue, reaching an all-time high for the month. The Nevada Gaming Control Board (NGCB) released data revealing the state’s robust performance, with particular strengths observed in key regions.
Regional Breakdown:
The Las Vegas Strip contributed $714.5 million to the overall revenue, reflecting a 1.2% YoY growth.
Clark County, encompassing various gaming areas, reported a 3% increase, reaching $1.13 billion.
Washoe County, including prominent areas like Reno and Sparks, witnessed a substantial 5% YoY revenue boost.
Gaming Categories:
Slot machines accounted for a significant portion of revenue, totaling $894.8 million, a 2% increase compared to the previous year.
Table, counter, and card games experienced remarkable growth, surging by 14.7% to reach $420.2 million.
Baccarat emerged as a standout performer, leading the table games category with $89.8 million, marking a remarkable 35% YoY increase.
Sports Betting Dynamics:
Nevada’s sportsbooks recorded a notable win of $68.1 million in October, reflecting a substantial 19.8% YoY growth.
Despite a slight decline in sportsbook wagers by 11.4% ($105.2 million), mobile wagers retained a significant share, accounting for 65.9% of the total.
The total amount of sportsbook wagers was $815.6 million, with mobile wagers contributing $537.2 million.
Revenue Collection and Percentage Fees:
The state’s total revenue collected reached $1.31 billion, marking a positive trajectory for the industry.
Nevada collected $83.1 million in percentage fees in November 2023, signifying an 8.72% YoY increase compared to the previous November ($76.4 million).
Nevada’s thriving gaming industry, evident in its record-breaking October revenue, showcases the resilience and adaptability of the state’s casinos. The diverse contributions from various gaming categories, coupled with the robust performance in sports betting, underscore Nevada’s position as a premier gaming destination. As the industry continues to evolve, stakeholders will closely monitor these trends and developments, anticipating sustained growth and innovation in the months ahead.