Nevada brings in $1.34bn in gaming revenue during February
This is the highest reported February results on record.
The Nevada Gaming Control Board has published its gambling results for the month of February. The board said last month’s results were the highest February to date and were the sixth highest in the state’s history.
Overall state revenue rose by 8.5% when compared to January’s results. Revenue statewide reached $1.34bn last month.
The state has brought in more than $1bn in total revenue for the past 36 months, according to the report.
In a breakdown of February’s gaming revenue, table games brought in $514.6m, and slots machines contributed $827.6m to the month’s total.
Taxable revenue for the state reached $1.17bn, down by 2% when compared to the previous period.
Total wins on the Vegas Strip rose by 17% year-over-year and 12% when compared to January’s wins. Total win during February reached $800.7m.
Nevada sports betting revenue reached $47.9m during February, reflecting a 13.8% boost when compared to sports betting results during this time last year.
Players placed $712.3m in wagers during the month, an increase of 8% year-over-year.
Some analysts credit the surge in February activity to the recent Super Bowl LVIII, hosted this year in Las Vegas.
However, whether the Big Game had a significant impact on last month’s results cannot be clearly determined.
In other state news, The Nevada Gaming Commission recently approved changing the process for how casinos report on registered independent agents that bring high-rolling gamblers to resorts around the state.
The new process will require licensees to keep records of their agents. This information must be available for board officials to inspect during audits.
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