The Nevada Gaming Control Board has reported that total gaming revenue saw an accumulated amount of $1.29bn for March, a slight drop of 1.65% from February’s revenue – and a 2.2% fall year-over-year. While table, counter and card games saw a 2.54% positive change, with revenue of nearly $416m, slot machine revenue dropped by 3.53%, with total revenue coming in at $874.5m.
The state, however, did see an overall increase in revenue percentage over the entire first quarter compared to the last, seeing a raise of 0.44% from the final quarter of 2023. Nevada has generated over $15.5bn since last March, over a 3% increase from the previous calendar year.
Sports bettin and racebooks also factor into the gaming revenue totals of Nevada. The state is seeing drops in the winnings of numerous sports. Only automobile sports (1.66%) saw a positive change in winning percentage from the previous month.
In casinos, multi-denomination and one-cent slots garnered the most revenue, with winning amounts reaching over $570m and one-cent slots accounting for just over $220m.
While many of the numbers appear to be down in March for Nevada, a major factor at play is that the state hosted one of, if not the biggest, sporting events in the world, Super Bowl 58 in February.
With the amount of tourism and high rollers an event like that can drive into town, it may not come as a surprise some of the numbers in the following month have come down. February’s revenue from this year was Nevada’s highest total in the month’s history and sixth highest in state history.
The report on totals from the Las Vegas strip area also showed positive movement from the previous quarter despite falling below February numbers.
