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Nevada reports $1.27bn in January 2023 revenue

Updated:2024-03-21 14:00    Views:123

Led by strong casino revenue throughout Las Vegas, the state has recorded its 23rd consecutive month of exceeding $1bn in revenue. The year-on-year increase was helped by the Covid-19 restrictions that slowed visitation this time last year.

Table, Counter and Card Games revenue represented $425m of the total revenue, with Slot Machines revenue amounting to $847m. The former climbed 23% year-on-year, with the latter climbing 16%.

Revenue from the Las Vegas Strip climbed 15% year-on-year to $763.5m, with Downtown Las Vegas reporting a 24% year-on-year increase in revenue to $83.9m.

Douglas County South Shore Lake Tahoe Area revenue climbed 24% year-on-year to $19.8m,Online Casino Games with Washoe County Reno Area revenue dropping 20% year-on-year to $42.5m.

Revenue for Washoe County North Shore Lake Tahoe Area also declined 14% year-on-year to $1.9m, with Elko County revenue increasing by 3% year-on-year to $32.6m.

Both the $1.27bn total and the 18% year-on-year increase represent the perfect start to 2023 for Nevada, with the state set to go from strength to strength in the months to come.

Also reporting a financial update today was Macau, with the city recording gross gaming revenue (GGR) of MOP$10.32bn (US$1.27bn) for February 2023.

The result marks a 33% increase against February 2022 and is the highest figure recorded by Macau since January 2020. That said, the number is 41% lower than recorded in February 2019.

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