Nevada Casino Revenue Tops $1B for 18th Consecutive Month, August Win Totals $1.2B

Nevada cassino revenue has topped $1 one thousand million inwards for each one of the previous 18 months, an unprecedented run that seemingly has no death in visual sense despite a boniface of economic headwinds.

The Battle Born State Gaming Control Board (NGCB) says August’s receipts gaming revenue totaled more than $1.2 billion. August was 3.5% amend than a twelvemonth agone and more telling was that endure month represented a 27% premium on Aug 2019.

“Nevada continued to enter gaming win amounts inwards surplusage of pre-pandemic levels inwards Aug with $1.2 one million million inward win,” said Michael Lawton, senior economical analyst for the NGCB.

August was powered past another warm showing on the Las Vegas Strip. Kenneth Bancroft Clark County casinos won a small to a greater extent than $1 billion, with the Strip accounting for $659.7 1000000 of the gaming haul.

Statewide, slots won $847.1 gazillion cancelled of gamblers — upwardly 2.5% year-over-year. The domiciliate also fared substantially on tables, revenue from mat up coming inward north of $361.3 million, 6% ameliorate than Aug 2021.

Oddsmakers kept $16.1 trillion of the sports bets wagered on a 4% have rate. Handle, or the add together amount risked, was $408.7 million.

August Rebound

There were some concerns followers July’s NGCB report that showed gaming declined from 2021. Though the state’s casinos allay won over $1.3 billion, July 2022 was turned to a greater extent than 3% year-over-year.

Lawton says the alarms that were sounded lowest month that record book inflation might follow showtime to slow the post-pandemic demand for Las Vegas and NV were without merit.

I suppose people bury that July 2021 was an all-time book for any month, so it was non a surprisal that this July power escape the mark,” Lawton said. “However, August came inward about where i had anticipated, downwards 8.2% sequentially compared to July.

“Historically, August has averaged fill up to a 9% minify compared to July, which I figured if that held true, we would control an increment year-over-year over August 2021,” Lawton detailed.

Nevada casinos, which exercise set an all-time revenue tape cobbler's last yr with GGR totaling o'er $13.4 billion, are on step to set yet another unexampled German mark with just now quaternion reporting months to go away in 2022.

Visitor Volume Strong

The Consumer Mary Leontyne Price Index, the federal government’s inflation benchmark, showed that prices for goods and services increased 8.3% year-over-year inward Aug 2022. The Dow Bobby Jones Industrial Average contracted 4% — or almost 1,300 points.

But despite the economical unease, Las Vegas continued to ensure gamblers and visitors yield to Southern Battle Born State inward Aug 2022.

The Las Vegas Convention and Visitors Authority today said just about 3.19 billion people travelled to the casino hub lastly month — 6.4% meliorate than August 2021 but noneffervescent considerably infra August 2019.

Las Vegas casinos are winning to a greater extent money off of gamblers. Despite welcoming 3.19 zillion people lastly month — nearly 380,000 fewer people than came to Las Vegas inwards Aug 2019 — Joe Clark County’s gaming income was 29% higher cobbler's last month.

Air traffic to Southern Silver State also continues to rebound and in finisher to 2019 levels. Harry Thomas Reid International is impudent turned its best three-month period, and passenger traffic through and through eighter from Decatur months inward 2022 is within 2% of 2019.