Nevada reports April revenue of $1.16bn

The Silver State’s gaming revenue has surpassed the $1bn mark for 26 months in a row, and has increased 2.8% year-on-year.

Nevada’s gaming revenue has not only returned to, but surpassed, its pre-pandemic numbers. For April, the state reported $1.16bn, which is also up from $1.13bn in April the previous year. Clark County led the way, generating nearly $995m of the state’s total gaming win.

For the year, the state’s gaming revenue has risen 6.6%. While Nevada as a whole continues its billion-dollar streak; however, Clark County has just missed the mark after 11 months of generating at least $1bn on its own.

Looking at the Las Vegas Strip, $624.7m was generated by its 31 casinos, which represents a growth of 5.27%. The section of Nevada with the lowest revenue was the Carson Valley area, with $11.4m, down from $11.8m the previous April.

Sparks in Washoe County experienced the biggest year-on-year revenue growth of 10.72%, reaching $15.4m. The area that suffered the biggest decrease was South Lake Tahoe, down 26.05% to $13.7m.

Slot machines on the Las Vegas Strip brought in a total of $389.4m, a 7.9% rise from April last year, while Downtown’s slot win increased 15.3% to $51.1m.

Table games and card games generated win of $321.8m for the state, down slightly by 0.8%. Baccarat specifically saw its revenue decrease by about $7.7m, settling at $44.1m this April.

Sportsbooks in Nevada generated $32.4m, an increase of 27.8% year-on-year, with a total of $598m being wagered.

Another decrease was seen in the average daily room rate of $171, with this April 3.3% down from April 2022. Events in April last year, such as the NFL Draft, Lady Gaga’s residency at Park MGM and BTS’ stadium tour may have brought in more visitors than April 2023’s offerings.

However, events like the Las Vegas Grand Prix later this year could still top those numbers.

Stephanie Feeley

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