Nevada’s February gaming revenue reaches $1.24bn
The Silver State sees consecutive $1bn results for both State and Clark County revenues.
Nevada’s gaming licenses have reported a total “gaming win” of $1.24bn for the month of February 2023, the highest February figure recorded by the Gaming Control Board. For 24 months in a row, the Silver State has posted gaming revenue over the $1bn threshold.
Clark county accounted for just over $1bn of the state’s total revenue, with the Las Vegas Strip making up $712.5m of Clark County’s total. Clark County’s overall figure was up 13.8%, while the Strip’s revenue rose 18.9% from last year.
Though Clark County has spent 10 months with over $1bn in gaming revenue, other locations throughout the state have seen revenue declines. The area affected the most was Washoe County, with only Sparks seeing a 4.9% increase to $13m, while all of its other areas posted revenue decreases from 3.4-12.4%.
Michael Lawton, Nevada Gaming Control Board Senior Economic Analyst, said the state’s winter affected its revenue. “Absolutely weather impacted Northern Nevada results in February. The timing of the storms impacted nearly every weekend during February.”
February’s 2022 revenue was reportedly bolstered by Lunar New Year celebrations; however, this festive period fell in January 2023. Lawton said a few events, including Bruno Mars’ residency at Park MGM and the opening of Red Rock Resorts’ Wildfire Fremont, were helpful catalysts within February this year.
March 2022 saw a state gaming revenue of $1.35bn, Nevada’s second-highest all-time total. With the recent grand opening of Horseshoe Las Vegas, and Adele’s residency extended, March 2023 may also be a high-performing month.
The State of Nevada has collected more than $75.5m in gaming taxes.
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