Nevada posts $1.27bn in revenue for January 2023
Nevada has once again exceeded $1bn in revenue in monthly gross gaming revenue.
The Nevada Gaming Control Board has released its January 2023 monthly gaming results. The state posted $1.27bn in revenue for the month, reflecting an 18% increase year-over-year.
January marks the 23rd consecutive month that Nevada has yielded at least $1bn in revenue. During this time last year, the state still had Covid-19 restrictions in place, a factor that has contributed to the spike in activity this year.
In breakdown of the monthly revenue based on specific games, slot machines contributed to $847m of the state’s total in January. Table, counter and card games added $425m to January’s revenue total. Increases when compared to last year’s numbers grew by 16% and 23% respectively.
Revenue generated from the Las Vegas Strip increased year-over-year as well. The Strip raked in $763.5m in revenue in January, a 15% boost when compared to 2022’s corresponding month.
Downtown Vegas saw a 24% rise in its revenue during the month of January, with its total reaching $83.9m. Douglas County South Shore Lake Tahoe Area reported a similar trend in its year-over-year revenue rise. The area reported $19.8m in revenue.
However, not every section of the state saw growth in January. Both Washoe County Reno Area and Washoe County North Shore Lake Tahoe Area saw declines in revenue, reflecting decreases of 20% and 14% respectively.
Washoe County Reno brough in $42.5m in revenue during January, while Washoe County North Shore Lake Tahoe posted a revenue total of $1.9m.
Nevada was recently named as the US state that is “most gambling obsessed” by a study released by Wetten.com. The research ranked all 50 states from the greatest to the least interested.
Nevada grabbed the top spot based on gambling-oriented keyword searches online. According to the study, search interest in Nevada beat out the runner-up by 100%.
Wetten outlined the terms of the study by saying: “The results were compiled by looking at Google trends data from the last 12 months for a range of gambling-oriented keywords like ‘casino,’ ‘blackjack’ and ‘slot machines.’”
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