Nevada Continues $1B Gaming Win StreakAt Least $1 Billion Won From Gamblers Now At 18 Months Straight |
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The streak continues for Nevada casinos.
According to a report from the Nevada Gaming Control Board, nonrestricted gaming licensees reported a total gaming win of $1,208,504,956 for the month of August 2022.
The revenue was a 3.53% increase compared to August 2021, when licensees reported a gaming win of $1,167,318,557. For the fiscal year (July 1, 2022 through August 31, 2022), gaming win has decreased 0.07%.
Despite some choppy macroeconomic factors, Nevada casinos are holding steady.
The $1,208,504,956 won in August marked the 18th month in a row the casinos reached at least $1 billion. That’s never happened before in the state’s decades-long industry.
The state collected $81,468,792 in percentage fees during the month of September 2022, based upon the taxable revenues generated in August. The tax revenue represented a 9.88% (or $7,325,574) increase compared to the prior year’s September, when percentage fee collections were $74,143,218.
Casinos on the Las Vegas Strip won $659,732,129 in August, up 5.2% year-over-year from $627,075,939. Downtown Las Vegas casinos won $64,564,274 in August, flat in a year-over-year comparison.
Clark County as a whole accounted for $1,024,086,909 of the state total.
During the unprecedented run for the casinos, some records have fallen. For example, earlier this year, the state’s slot machines had their best month ever. Slot machines statewide won $901.1 million from players during the month of March. The machines held 7.5% of all wagers that month, meaning that more than $12 billion was wagered.
Nevada was part of a record-breaking 2021 for the nationwide casino industry. According to the American Gaming Association, 2021 set a new record as the highest-grossing year ever for the U.S. commercial gaming industry, reaching $53 billion in revenue. The total bested 2019’s previous industry record of $43.65 billion.
Nevada is home to commercial and tribal gaming operators and gaming suppliers that support jobs for more than 410,000 Nevadans and $8.3 billion in tax revenue annually for all levels of government.
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