The Nevada Gaming Control Board (NGCB) has released its latest monthly revenue report revealing that the state’s casinos reported combined revenues of $1.24 billion during the month of June.
According to the report, casinos’ combined revenues mark a decrease of 2.4% year-on-year and a 3.1% decrease on the $1.28 billion reported during May. This also marks the 28th month in a row that Nevada casinos and sports betting operators have generated more than a $1 billion in revenues.
Revenues on the Strip came to $727.3 million reflecting a 1% decrease compared to the same period in 2022 and an increase of 1.5% on the $715.9 million reported during the previous month. According to the report, this was driven by a 29% decrease in baccarat revenues. If baccarat revenue is not included, revenues for all other games increased by 5.7%.
Casinos in Clark County accounted for $1.07 billion in combined revenues, a 3.5% drop year-on-year and a minor decrease on the previous month’s total of $1.1 billion.
Nevada Continues Billion-Dollar Gambling Revenue Streak to Mark End of Fiscal YearSports betting
Nevada sports betting operators reported $9.5 million in revenue during June, representing a significant decrease of 68.4% compared to the previous month and 60.1% decrease year-on-year. Sportsbooks accepted $479 million in wagers during the month marking a drop of 2.3% compared to June 2022.
Nevada Continues Billion-Dollar Gambling Revenue Streak to Mark End of Fiscal YearFor the first six months of 2023, revenues are up by 7% despite an 8% drop in overall wagers.
Fiscal year numbers
Nevada Continues Billion-Dollar Gambling Revenue Streak to Mark End of Fiscal Year report, gambling operators generated $15.1 billion in revenue for the year. This marked a 3.2% increase on the 2022 fiscal year. Nevada Continues Billion-Dollar Gambling Revenue Streak to Mark End of Fiscal YearCasinos on the Las Vegas Strip collected $8.5 billion in fiscal year 2023, an increase of 4.8 %. Meanwhile, almost all other areas in the state reported revenue increases. The report also shows that the average annual revenue increase across the last ten years is 4.2%.
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.