The Nevada Gaming Control Board (NGCB) has released its latest monthly revenue report revealing that the state’s casinos reported combined revenues of $1.4 billion during the month of July.
July marks 29th billion-dollar month in a row
Revenues on the Strip came to almost $834.9 million, up by 7.9% compared to the same period in 2022 and an increase of 14.8% on the $727.3 million reported during June. July’s revenues were an all-time record for the Las Vegas Strip topping the previous record of $792.6 million set in July 2021.
Nevada Gambling Revenues Hit $1.4 Billion in July as Strip Casinos Set All-Time Record Nevada Gambling Revenues Hit $1.4 Billion in July as Strip Casinos Set All-Time RecordGaming revenues for the first seven months of 2023 is up 4.1% year-on-year putting the state on track to beat last year’s record revenue total of $14.8 billion for the calendar year.
Nevada Gambling Revenues Hit $1.4 Billion in July as Strip Casinos Set All-Time RecordSports betting
Nevada sports betting operators reported $25.3 million in revenue during July, representing an increase of 55.7% compared to July 2022 and an impressive 166.3% over the previous month. This significant increase in revenues came despite overall wagers dropping from $479 million in June to just $408.2 million in July.
Nevada Gambling Revenues Hit $1.4 Billion in July as Strip Casinos Set All-Time RecordWagering activity on sports is down by 7.7% for the first seven months of 2023 while revenues are down by 13.3% for the same period.
