Nevada gaming revenue reaches $1.4bn during record July
Nevada made $890.8m statewide from slots.
The Silver State has released its financial report for July 2023. Nevada generated total gaming win of $1.4bn, up 7% year-over-year.
Washoe County Sparks saw the greatest yearly increase, up 20% to $17.2m. At the same time, Clark County casinos provided the majority of the revenue for the month, bringing in $1.21bn of the total win, up 8%. Of this, the Las Vegas Strip brought in $834.9m of that revenue; up 7%.
Meanwhile, Clark County Mesquite Area was the area that dropped the most in total win, decreasing to $13.2m, down 7%.
Despite generating a large casino revenue statewide, sports betting has seen a decline, with percentage decreases in every sport except ‘other,’ which saw a 204% increase in win amount to $8.8m; and baseball which saw a 5% rise to $20m. The increase in ‘other’ win amount in July could be linked to championship boxing matches such as Errol Spence Jr vs Terence Crawford and UFC cards at T-Mobile Arena.
However, the state saw a 48% decrease in win amount from football, going down to minus $782,000. Following a loss on football, the state also saw losses in basketball, hockey and sports parlays. Basketball made minus $2.1m, down 33%; hockey generated minus $694,000, down 41%; and sports parlay cards made a loss of $7,000, a decrease of 15%.
Multi-denomination proved to be the most popular slot in Nevada.
Moving away from sports and back to casino, slot machines brought in a total revenue of $890.9m statewide, an increase of 6%. Breaking that down, $100 slot machines saw the highest year-over-year rise to $3.2m, up 51%; followed by a 19% increase in win from multi-denomination, growing to $513.3m.
Meanwhile, $25 slot machines decreased the most, going down 18% in total win amount to $2.9m.
On the opposite end of the spectrum, the table games that saw the biggest year-over-year decreases were mini-baccarat and ‘let it ride;’ both of which went down 25%. Mini-baccarat went down to $7.3m and ‘let it rid’e decreased to $1.4m.
Table, card and counter games brought in a total of $513.1m in revenue, sporting an increase of 8% year-over-year. When breaking that revenue down, sports pool and baccarat had the highest percentage increases compared to July 2022; sports pool increased 56% to $25.3m and baccarat went up 40% to $193.3m. Despite several drops in segmented win, overall, each vertical came out with a positive percentage increase.
July 2023 is a record month, and with the upcoming grand prix in November, will we see Nevada surpass this figure in the upcoming months?
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