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.
Nevada Continues Billion-Dollar Gambling Revenue Streak to Mark End of Fiscal Year Nevada Continues Billion-Dollar Gambling Revenue Streak to Mark End of Fiscal Year 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.
Bets placed through mobile apps and online sportsbooks accounted for 67.4% of all sports wagers during the month.
Nevada Continues Billion-Dollar Gambling Revenue Streak to Mark End of Fiscal YearFiscal year numbers
The control board also released figures for the fiscal year 2023 covering the last six months of 2022 and the first six months of 2023. According to the latest gambling statistics report, gambling operators generated $15.1 billion in revenue for the year. This marked a 3.2% increase on the 2022 fiscal year.
Gaming revenue in the first six months of 2023 was 3.6% higher than the same period in 2022 while revenues for the first half of the fiscal year was up by 2.9% year-on-year.
Casinos 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.