The Nevada Gaming Control Board (NGCB) has released its latest revenue report revealing that the Nevada’s casinos collected over $1.28 billion in revenue during the month of October.
Nevada Billion-Dollar Gambling Revenue Streak Continues for 20th Straight MonthFor the fiscal year to date, Nevada gaming revenues are now 3.02% above the same period in 2021. The state is currently on track to set yet another record calendar year in terms of revenues.
Revenues on the Strip amounted to $705.8 million up by 0.5% on October 2021 and up by 1.8% compared to the previous month. For the ten months of 2022, Strip casinos have reported $8.4 billion in revenue, significantly more than the $7 billion set for the entire year of 2021.
Clark County, reported more than $1 billion in gaming revenue in October. This was the 13th time in the last 18 months that the county has broken the $1 billion threshold.
Nevada Billion-Dollar Gambling Revenue Streak Continues for 20th Straight MonthSports betting up by 17.7% year-on-year
Nevada Billion-Dollar Gambling Revenue Streak Continues for 20th Straight Month recorded another impressive month with revenues of $56.9 million. This marked an increase of 17.7% year-on-year. According to the report, sportsbooks reported a hold of more than 6.1% of all wagers during October. This was up from the 4.4% recorded in October 2021. Nevada Billion-Dollar Gambling Revenue Streak Continues for 20th Straight Month
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.