Nevada Gaming Revenue Hits $1.15 Billion in April
Nevada Gaming Revenue Hits $1.15 Billion in April

The Nevada Gaming Board of Control (NGCB) reported that the state’s casinos generated $1.15 billion in gaming revenue in April. This represents an increase of 2.8% over the previous year.

The Las Vegas Strip generated $624.7 million, up 5.2% year-over-year. Clark County as a whole, which includes the Strip, Downtown Las Vegas, North Las Vegas, Boulder Strip and adjacent areas, generated $994.9 million, an increase of 3.6%.

Washoe County, which includes casinos in Reno, Sparks and North Lake Tahoe, saw revenue increase 2.3% year-over-year.

Slots accounted for $837.9 million of all revenue for the month, up 4.2% from the same month last year. Table & Card Games revenue reached $321.8 million, down 0.8%.

Sports betting brought in revenue of $32.4 million, up 27.8% from 2022. Betting was up 2.7% to $598 million. Mobile sports betting accounted for 66% of all sports betting.

The state collected $67.4 million in percentage fees during the month of May 2023, based on taxable income generated in April 2023. This represents a decrease of 3.4% (or $2.4 million ) compared to May of the previous year, when percentage fee collection was $69.8 million.

March results in Nevada

The Nevada Board of Gaming Control released its March revenue report, showing that the state made $1.32 billion in total gaming revenue in the third month of 2023.

Unsurprisingly, slots brought in the largest share of Nevada’s March revenue: $906.4 million. Additionally, table and card games made $405.6 million – representing a 10% decline overall.

Wells Fargo analyst Daniel Polizer commented on the figures in Nevada, stating that “March was a solid month in Las Vegas and consistent with the operator’s recent comments that it could be among the record months there.”