Nevada casinos have had a strong finish to 2022, winning over $1bn for the 22nd consecutive month – Strip casinos have won a record monthly high of $814.2m. The Nevada Gaming Control Board reported today that the Silver State’s 434 licensed casinos won $1.3bn in wagers from gamblers, a 14.3% annual increase.
The Strip’s record win was 25.1% higher than the amount generated in the same prior year period. This is the highest percentage increase of the 20 state markets monitored by the Control Board.
The Silver State managed to surpass its overall gaming win from 2021 in November of 2022, with a record return of $14.8bn. This was a 10% year-on-year increase for Nevada’s operators.
A statement from the Nevada Gaming Control Board read: “Nevada has continued to benefit from the surging demand for leisure travel domestically and internationally and a healthy local economy experiencing record employment levels.”
There were signs that Nevada would finish 2022 off with a bang when it released its August numbers, which showed a total gaming win of $1.2bn, which many experts heralded as a return to form for the state’s renowned gambling industry.
2022 has seen an economic downturn and cost-of-living crisis wreaking havoc on most of the US, pinching the pockets of millions with the war in Ukraine leading to fuel crises and other adverse effects.
These events happened at a precarious time when the last vestiges of the Covid-19 pandemic were still having a localized effect on much of the company. But as Nevada has demonstrated with its December results, there will always be an appetite for gambling, no matter what else is happening in the world.