• Fri. Sep 29th, 2023

Record Gambling Revenue Win for Nevada • This Week in Gambling

Record Gambling Revenue Win for Nevada • This Week in Gambling

has been setting numbers for a couple of years now, but this past July was even more exceptional than usual. Gaming was able to generate over $1.4 billion for the state within those 31 days, which is an all-time high.

Naturally, downtown Las and The Strip lead the way for the state, accounting for $1.2 billion of the total. Additionally, the up and down Las Vegas Boulevard raked in nearly $835 by themselves. The record gambling revenue for this year was a rise of 6.7% over last years revenue total of $1.3 billion.

Making these numbers even more amazing is the fact that there are now fewer casinos in Nevada that at this same time a year ago. In fact, data from the Nevada Gaming Control Board shows that the total number of casinos in the state has dropped from over 450 at this time in 2022. Now there are less than 440 casinos.

Michael Lawton, the senior economic analyst for the Gaming Control Board, highlighted the driving factors behind this month's record gambling revenue. He stated in the report that while the didn't reach an all-time high, it did secure its position as the third-highest total in the state's history and the second-highest on the Strip.

Even though the Strip and downtown casinos dominated the numbers, there were some notable contributions to the record gambling revenue from elsewhere in the state. Casinos in the rest of Clark Country brought in over $140 million, and gambling halls in Washoe County generated another $100 million.

However, it wasn't all good news on the economic front. North Las Vegas casinos contributed little to the record gambling revenue efforts, and actually lost money year-on-year. Numbers from these casinos fell by 2% in the past 12 months, dropping to just $24 million.


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