Nevada Gaming Revenue Pops In DecemberLas Vegas Strip Casinos See Major Jumps |
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The Nevada Gaming Control Board released December revenue numbers this week showing that the state’s casino industry closed out the year in a big way. The month brought total gaming revenue of more than $1.4 billion.
This was a 9% increase from the $1.3 billion in December 2022. For the fiscal year (July 1 through
December 31) gaming revenue increased 5.5%.
Details On The Report
The Nevada numbers are in line with major revenue increases seen in other states in 2023 as well. Clark County, home to Las Vegas, provided the vast majority of the state’s gaming revenue with almost $1.3 billion, an increase of 9.8%.
The famed Las Vegas Strip saw an even bigger increase, totaling $905.4 million, up 11.2% from $814.2 million in 2022. Sin City was home to numerous major events in December, including Raiders and Golden Knights games as well as several large concerts and holiday events.
In downtown Las Vegas, a busy holiday season yielded some nice results as well. The area brought in revenue of $75.9 million, rising 10.3% from $68.8 million for the same month last year.
Elko County also saw some significant gains, reporting gaming revenue of $35.6 – growth of almost 15% from December 2022. South Lake Tahoe reported revenue of $16.1 million, up 3%, while North Lake Tahoe saw $2.1 million, an increase of 2.6%. Reno didn’t fare as well, dropping 7.2% to $54.9 million.
On the individual gaming front, slot machines led the way statewide with $858 million, rising 6.9% from the same time last year. Table games produced $574.6 million, up 12.5%.
State coffers saw some nice gains as well with $84.9 million paid in gaming fees for December, an increase of 27.3% from $66.7 million in December 2022.
The monthly revenue report came out a bit late after the Control Board’s website experienced some issues regarding the regulator’s website.
“The Nevada Gaming Control Board (NGCB) became aware earlier this week that its public-facing website had been compromised. The NGCB technology personnel initiated immediate steps to protect the website by taking it offline,” board officials noted on Jan. 25.
Other regions have also experienced major numbers in 2023, including record online gaming revenue totals in Pennsylvania and Michigan.
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