Nevada Gambling Revenue Surges in September

The Nevada Gaming Control Board’s financial report for September is out, showing a 1.7% year-on-year revenue increase. The state’s gambling revenue for the month generated $1.27 billion, surpassing the $1.25 billion mark attained in Sept. 2022. Notably, this figure is 5% higher than what the state earned in August, which was $1.21 billion.

As is customary, slot machines continued to dominate as the top revenue-generating category in The Silver State, with September revenues totaling $814.6 million. However, the state did experience a 5.1% decline when compared to Sept. 2022.

Among slot machines, multi-denomination slots proved to be the favored choice for most players, contributing significantly with a gaming win of $474.0 million. Multi-denomination slots showed a robust 5.7% year-on-year increase. In contrast, penny slots saw a decline of 16.8% compared to the previous year, generating $249.0 million in revenue.

In contrast to the patterns observed in other states, there was a remarkable 16.6% year-on-year growth in table, counter, and card games, resulting in a total revenue of $456.0 million. Since the start of the fiscal year on July 1, Nevada’s gaming win has seen a 2.9% increase, totaling $3.9 billion. Slot machines contributed approximately two-thirds of this amount, accounting for $2.5 billion, while table and card games contributed $1.35 billion to the overall revenue.

Among the table and card games, Baccarat demonstrated remarkable growth with an impressive 85.8% YoY increase in revenue, reaching $148.8 million. Following closely, Blackjack generated the second-highest revenue, rising by 12.9% to $97.7 million, while craps also posted a noteworthy increase of 12.2%, totaling $36.5 million in revenue.

Conversely, Roulette experienced a decline of 8.9%, amounting to $36.9 million. Ultimate Texas Hold’em suffered a decline of 5.1%, posting revenue of $14.8 million.

On the other hand, sports betting saw an 11.8% decrease in revenue, totaling $62.3 million. With the start of the new NFL season, football led the way, generating $38.7 million in revenue, but this was down by 25.1%.

Baseball experienced a significant upturn, with a 28.8% increase, resulting in $16.1 million in revenue. Basketball, however, suffered an 83.4% decline, resulting in a loss of $238,000, and hockey also faced losses of approximately $439,000. Parlay cards witnessed a substantial 71.1% decrease, with revenue of $911,000, while other sports contributed $7.2 million.

Notably, mobile betting showed a positive trend in the state, with a 4.4% year-on-year increase, bringing in $29.0 million in revenue.

Clark County Comes Bearing Gifts in September

Clark County, situated in the heart of Las Vegas, led the way in revenue generation within the Silver State. The county alone contributed approximately $1.1 billion to the total state revenue, marking a 2.8% increase. The iconic Las Vegas Strip area saw a strong 6.9% growth, rising from the previous year’s $693.1 million to $741.2 million. In contrast, Downtown Las Vegas experienced a 7.9% decline, contributing $68.4 million to the overall figures.

Washoe County came the closest, reporting $91.7 million in revenue, which marked a 6.6% YoY decline, a trend also observed in each of its cities. Most of the county’s revenue, approximately $64 million, was generated in Reno, despite a 7% decrease. South Elko County contributed $33.4 million to the total, experiencing a slight 0.8% year-on-year dip. Lake Tahoe’s revenue amounted to $26.3 million, reflecting a 5.7% decrease.

About the Author
Tebearau Egbe

Tebearau Egbe

Tebearau Egbe is a seasoned gambling writer with more than four years of experience. Armed with a Masters degree in philosophy, Egbe possesses a unique ability to dissect complex industry developments, distilling them into insightful narratives that captivate readers.

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