Nevada’s gross gaming revenue set a new January record of 1.28 billion

The Nevada Gaming Control Board (NGCB) has released the financial results of the state’s gambling market for the first month of 2024. Total gross gaming revenue reached a record $1.28 billion (116 billion rubles) in January, up 0.5% from a year earlier.

January 2024 not only set a new high, but also became the 35th consecutive month in which Nevada generated at least $1 billion in revenue (91.5 billion rubles at current exchange rates). However, the catalyst for growth was not the Las Vegas Strip, but other regions of the state. For example, Douglas County’s figure improved by 5% to $18.2 million (1.66 billion rubles), while Clark County’s improved by 11% to $169.3 million (15.5 billion rubles). Gross revenue in Washoe County rose 36% to $86.5 million (7.9 billion rubles).

As for Las Vegas Strip, total gross revenue in January 2024 decreased by 3.8% compared to a year ago and amounted to $686.1 million (62.8 billion rubles). The main the reason for the overall decline was a 15% drop in gross revenue from table games. Only baccarat showed an increase in this category – by 7%.

The Strip’s gross revenue from slot machines increased by 3% to $400.7 million (RUB 36.66 billion). The sports betting sector also showed improvement, earning $28.5 million (2.6 billion rubles) – 35% more than a year earlier.

Michael Lawton, senior economic analyst at NGCB, cited two reasons for the Las Vegas Strip’s declining performance. First, the city hosted the Super Bowl – the final game for the U.S. National League American Football title – at Allegiant Stadium on Feb. 11. Many travelers postponed trips to Las Vegas, originally scheduled for January, to catch the game. Secondly, February was Chinese New Year, which also affected the Strip’s performance in the first month.

Of note: licensed live online casino streaming will be available on Twitch in the US.






Leave a Reply