Nevada August revenue reaches consistent figure of $1.2bn
The year-on-year change for the total win was 0.07%, while the percentage increase for sports wagering reached 12.7%.
The Nevada Gaming Control Board (NGCB) has released its August results, including a total gaming win of $1.2bn, which has risen a slight 0.07% year-on-year. The NGCB fiscal year begins on July 1, and so year-to-date the state has reported a 3.5% increase and reached $2.6bn.
Clark County brought in just over $1.03bn of the state’s total win, with the Las Vegas Strip accounting for $666.8m, up 1.1% year-on-year. Downtown Las Vegas decreased its revenue by 0.8% from August 2022 and generated $64m.
Slot win was down 2.1% year-on- year, while table games were up 5.2% from August 2022. Sports wagering revenue increased 12.7%. Nevada is one of only five states without a lottery.
Table games generated $380.1m, though the sports pool accounted for $18.1m of that total. The table game varieties that brought in the most revenue were baccarat with $116.2m, twenty one (blackjack) with $99.1m and roulette with $39.9m.
Slot machines accounted for the largest individual revenue total, generating $829.2m, with multidenomination slots making up $479.4m of that total, and penny slots accounting for $256.9m.
Of the total $18.1m in sports betting revenue, mobile sports win reached $13.2m and the most popular sport in the state was baseball, bringing in $9.6m.
Nevada collected a percentage fee of $75.7m during the month of September 2023, based on taxable August revenue. This result shows nearly a 7% decrease year-on-year.
The state’s September revenue is likely to see a more varied result, due to cyber attacks experienced by both MGM Resorts and Caesars Entertainment properties, while October gaming revenue may also be affected due to a potential casino employee union strike, which just received a 95% vote in favor.
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