The state of Nevada experienced another boost in gaming activity during the month of April, due largely to figures posted from the Las Vegas Strip. Nevada’s total revenue for the month rose by more than 8.7% and reached almost $1.2bn.
The state has posted at least $1bn in total monthly revenue for 14 consecutive months.
The Las Vegas Strip contributed to nearly half of the state’s revenue total. During April, the Strip posted $593.5m in gaming revenue, reflecting a 22.8% increase year-over-year.
This is the highest revenue the Las Vegas Strip has posted to date, establishing a new record for the region.
Las Vegas’ double-digit growth during the month came despite baccarat and blackjack holding at steady levels when compared to last year. The growth is attributed mostly to slot machine and table activity.
Other regions citywide reported decreases in monthly figures, despite continuing growth on the Strip. The largest downturn during April was in downtown Las Vegas. Revenue there fell by more than 11% when compared to the same month last year. Boulder and North Las Vegas also posted declines of 10% and 6% respectively.
The data points to the boost in gambling activity from tourists visiting Las Vegas and less play from the locals as a possible reason for the decline in certain areas.
Red Rock Resorts, Golden Entertainment and Boyd Gaming experienced the negative effects of less local activity but reported strong numbers during this year’s first quarter, due to growth in other parts of the country.
The city reported a 31% increase in its visitation figures year-over-year. More than 3.38 million people visited Las Vegas during the month of April. The report reflected that April’s visitation numbers were about 5% less than those posted prior to the pandemic.
Las Vegas hosted the NFL Draft on April 28, which most certainly contributed to the increase in tourism.
