In April 2024, Nevada’s gaming industry demonstrated robust growth, setting new records in revenue across various sectors. The Nevada Gaming Control Board (NGCB) reported a total gaming revenue of $1.24 billion for the month, marking a 6.9% increase compared to the previous year and establishing an all-time high for April.
Las Vegas Strip
The iconic Las Vegas Strip contributed significantly to Nevada’s gaming success, generating $666 million in revenue, reflecting a 6.6% year-on-year increase. This growth underscores the enduring allure and economic impact of this world-renowned entertainment hub.
Clark County
Expanding beyond the Strip, Clark County as a whole reported $1 billion in gaming revenue, marking an 8.4% increase from the previous year. This broader perspective includes downtown Las Vegas, North Las Vegas, the Boulder Strip, and surrounding areas, highlighting widespread economic vitality in Southern Nevada.
Washoe County
In contrast, Washoe County, encompassing Reno, Sparks, and North Lake Tahoe, experienced a 5% decline in revenue year-on-year. This decrease suggests regional variations in gaming performance amid broader statewide growth.
Slots
Slot machines remained a cornerstone of Nevada’s gaming revenue, accounting for $886.8 million in April 2024, a 5.8% increase from the previous year. This category continues to attract a significant portion of gaming activity statewide.
Table Games
Revenue from table, counter, and card games saw substantial growth, totaling $353.4 million, marking a notable 9% increase compared to the previous year. This uptick underscores renewed interest in traditional gaming formats alongside technological advancements in casino offerings.
Sports Betting
Nevada’s sportsbooks reported a total win of $30.8 million in April 2024, representing a 5% decrease from the previous year. Despite this slight downturn, total wagers placed amounted to $569.2 million, indicating sustained enthusiasm for sports betting activities throughout the state.
Tax Revenues
The state of Nevada collected $70.2 million in percentage fees based on taxable revenues generated in April 2024. This figure marks a 4.18% increase, equivalent to $2.8 million more than the previous year’s collections. These revenues play a crucial role in supporting various public services and initiatives statewide.
Nevada’s gaming industry showcased resilience and growth in April 2024, with record-breaking revenues driven by strong performances on the Las Vegas Strip and across Clark County. While regional variations were evident, particularly in Washoe County, the overall trend highlights Nevada’s ongoing status as a premier gaming destination. Looking ahead, continued innovation and strategic investments are poised to further bolster the state’s gaming sector, ensuring its prominence in the global entertainment landscape.