Nevada Breaks Another All-time Monthly Gambling Revenue Record in February

The Nevada Gaming Control Board (NGCB) has released its latest monthly revenue report revealing that Nevada’s casinos reported the highest revenue total ever recorded in the month of February marking the second month in a row that the all-time monthly record was broken.

Revenues on the Strip came to $712.5 million, an 18.9% increase from February 2022, but down slightly from the previous month.

Downtown Las Vegas generated $74.3 million in gaming revenue up by 7.49% from February 2022. Areas outside of Clark County combined to generate revenues of $265.7 million. This was a drop of 4.6% from the $278.6 million reported in the same period in 2022.

Strip casinos reported baccarat revenues of $102.5 million, up by 62.7%, from wagers of $696.8 million which were up by 18.6%.

The state collected more than $75.5 million in gaming taxes. For fiscal year 2023, the total tax collected is up by almost 1.6% to $722.5 million.

Sports betting revenues up, wagering down

Nevada sports betting operators reported a hold of 6.5% of all wagers. According to the report, mobile sports betting accounted for 61% of all wagers in January.

Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.