Nevada’s billion-dollar winning streak hits 8 months

Gaming win once again tops $1bn in Silver State.

Casinos in Nevada won more than $1.2bn from gamblers during October, according to figures released Tuesday by the Nevada Gaming Control Board.

The October take marked the eighth consecutive month in which Nevada casinos posted more than $1bn in winnings – the best such streak since 2007.

Last month’s house win was up 9.48% from $1.15bn in September 2021, and up 67.3% from $822m in October 2020. It also exceeded by 8.36% the $1.02bn Nevada casinos won in October 2019, the last comparable month prior to the pandemic.

Over the past 12 months, the house win for all Silver State casinos was $12.4bn. By comparison, the same figure for the 12 months up to and including October 2019 was $12.005bn.

Casinos in Clark County – home to the Las Vegas and Laughlin resort areas – contributed the lion’s share to the October 2021 figures with $1.056bn in house win. That mark was roughly flat from $1.005bn in the previous month, but up significantly from $671m in October 2020, and from $879m in October 2019.

The house win for the properties on the Las Vegas Strip for October was slightly more than $702m, up 9.1% from $640m in September. Strip casinos brought in $375.7m in October 2020, and $538.5m in October 2019.

The Downtown Las Vegas area continued to show growth, with a house win last month of more than $76m, up incrementally from $73m the previous month, and a jump of 69.4% from $52.8m the same month one year earlier. The October 2021 figure is up 8.9% from two years earlier, when Downtown casinos won $68.3m.

Of course, it remains to be seen what effect – if any – the newly discovered Omicron Covid variant has on tourism going forward.

Michael Bartlett

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