Nevada Casinos Win $15.5B in 2023, Set Annual Record High for Third Straight Year
Nevada casinos are invigorated cancelled their best 12 months ever.
The Silver State Gaming Control Board (NGCB) revealed Midweek that 2023 porcine gaming revenue (GGR) totaled to a greater extent than $15.52 billion. The yearbook win represents a 4.6% betterment from 2022.
Nevada casinos proceed to farm revenue in the backwash of the COVID-19 pandemic. 2023 marked the state’s third successive year reporting a unexampled GGR high.
The revenue news report shows that province casinos won nearly $10.3 1000000000 on one-armed bandit machines and to a greater extent than $5.2 1000000000 from table games and sports betting. The slot hale represents a 2.3% year-over-year increase, while the felt up and oddsmakers saw income upsurge over 8%.
Nevada’s enter gaming win tin can be attributed to several factors, including multiple signature special events which occurred end-to-end the year and becalm exact for gaming-related activities past resilient customers whose behavior has remained consistent inward the face of several challenges, which included rising prices and rising stake rates,” commented Michael Lawton, the senior economic analyst for the NGCB.
“Nevada has continued to benefit from the surging exact for leisure travelling domestically and internationally,” Lawton added.
Nevada remains the richest gaming province inwards the US. The $15.5 one million million easy bested New Jersey, which set-aside(p) a removed $5.8 billion. Keystone State was tertiary at $5.7 billion.
December Delivers
Nevada casinos capped away the year with an unprecedented Dec where GGR soared to $1.43 billion. The telling 9% year-over-year jumping represented the topper Dec of all time for the Nevada gaming industry.
Typically a slow down month, as families don’t control Las Vegas as a marquee holiday destination and conventions slow up during the Christmastide and New Year’s period, Dec 2023 benefited from the chess opening of 2 unexampled casinos.
The Fontainebleau on the Strip opened on December 23, the first off new from-the-ground-up casino to unfastened on the main hang back since Resorts World in June 2021. Red John Rock Resorts’ Durango Casino & Resort opened in Spring Valley on December 5.
December also benefited from the National Finals Rodeo existence in town in the ahead of time piece of the month, a marquise residence from Garth Brooks at Caesars Palace’s Colosseum, and U2 concluding their course at the Sphere.
The Las Vegas Raiders also hosted II games at Allegiant Stadium just now west of the Strip against the visiting North Star State Vikings and Los Angeles Chargers. Both games were sold out.
2023 Records
Numerous markets inwards the NGCB describe revealed record book revenue years.
GGR in Clark County hitting a tape $13.48 billion, a 5.5% premium on 2022. Las Vegas Strip casinos won an all-time high up off gamblers, with players losing $8.9 billion.
Table gritty and sportsbook win on the Strip surged 15.5% to to a greater extent than $4 billion. Slots added more than $4.8 billion, almost 5% better. The 2023 Strip revenue was 7.4% richer than 2022’s win.
The $909.6 trillion won past downtown Las Vegas casinos was a record, as was the $183.6 one thousand thousand won past casinos inward Mesquite. Casinos inward Sparks, Elko County, and Wendover also reported all-time gaming highs.
Reno was a rarefied blight, as GGR declined almost 1% to $738.3 million. Inflationary concerns among locals were the potential culprit for the stagnant play. Slot machines in the metered section reported a GGR drop off of 2%, while tabularize games and sports betting expanded income by over 5%.
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