Clark County Fuels Nevada Casino Revenue GainsOther Areas In The State Show Declines |
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The summer travel season brought another nice revenue increase in July for the Nevada gaming industry, according to recent reports from the Nevada Gaming Control Board. Much of that was fueled by growth in the Las Vegas area.
The state’s casinos saw total gaming revenue of $1.29 billion for the month of June. This amounts to a 3.3% increase compared to June 2023’s revenue total of $1.25 billion. For the fiscal year (July 1, 2023 through June 30, 2024), gaming revenue has increased 4.4% to $15.8 billion.
The solid numbers come after some mixed results, with solid gains in the Las Vegas area coupled with some declines in other regions across the state.
Inside The Numbers
The statewide numbers come as table games continue seeing significant growth, accounting for $463.6 million, a rise of 13.2% compared to June 2023. Slot machine revenue, however, fell 1.6% to $823.1 million.
Clark County, home to Las Vegas, reported revenue of $1.2 billion, an increase of 4.6% compared to $1.07 billion last June. While table game revenue was up 13.7% to $441 million, slot revenue was off 0.6% to $678.3 million compared to last June.
Two key parts of the county continued to show growth. The Vegas Strip saw growth of 4.3% to $758.6 million from last June’s $727.4 million. Downtown Las Vegas also recorded a nice surge, climbing 5.9% to $66.2 million. North Las Vegas fell 1.4% to $22.9 million and Laughlin dropped 0.9% to $37.5 million. Clark County continues to some major gains, leading to record revenue numbers in recent years.
Nevada casinos won $15.77 billion from gamblers in the last fiscal year — a 4.36% increase from 2023, and a new all-time record. pic.twitter.com/wfmrvcnTB3
— Las Vegas Locally (@LasVegasLocally) July 31, 2024
Other parts of Nevada also reported some significant downturns. Reno revenue was down sharply, dropping 7.1% to $64.2 million compared to $69.1 million last year.
North Lake Tahoe saw a drop of 3.1% to $2.1 million and South Lake Tahoe fell 12.6% to $19.3 million. The city of Sparks, located just of Reno, also saw a significant downtown – dropping 7.1% to $13.4 million. Elko County was a bright spot away from Las Vegas, seeing an increase of 6.6% in casino revenue to $33 million.
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