Nevada Gaming Revenue Slows A Bit In JanuaryLas Vegas Area Sees Declines In Sluggish Month |
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The Nevada Gaming Control Board released January numbers last week and the state saw a total “gaming win” of $1.28 billion to kick off the new year. This amounted to just a 0.5% increase compared to January 2023’s total of $1.27 billion.
The small increase comes as some key areas in Clark County saw revenue drops from the previous year, while Reno saw a massive gain compared to last year. Here’s a look at some of the numbers.
Inside The Numbers
The new figures come after much rosier revenue reports in December, which saw a 9% increase from the same month in 2022. In January, overall statewide table game revenue slid 7.5% to $393.5 million. Slot machine revenue, however, increased 4.5% to $885.9 million.
Some key areas around Las Vegas may have led to the flatter overall numbers statewide. The Vegas Strip saw a 3.8% drop in revenue to $686.2 million compared to last January’s $713.2 million.
North Las Vegas also declined 5.9% to $22.6 million and the Boulder Strip also fell 3.1% to $93.4 million. Downtown Las Vegas saw an increase of just under 1% to $85.7 million and Laughlin was also a bright spot, jumping 4.1% to $44.4 million.
Outside of Clark County, Reno saw a massive increase in revenue of more than 55%, rising to $65.4 million compared to $42.2 million last January. That surge in the region also carried over to North Lake Tahoe, which saw a gain of 13.8% to $2.2 million. South Lake Tahoe also saw a revenue increase of 4.8% to $18.2 million.
In February, the state collected $99.7 million in fees based on the January taxable revenues generated in January 2024. This is a 3.7% increase over the $96.1 million collected in February 2022. For the fiscal year running July 1, 2023, through January 31, 2024, gaming win has increased 4.8%.
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