Nevada Casinos Win $15.5B in 2023, Set Annual Record High for Third Straight Year

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Posted on: January 31, 2024, 01:27h. 

Last updated on: January 31, 2024, 01:58h.

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Nevada casinos are caller disconnected their champion 12 months ever.

Nevada casinos Las Vegas gaming revenueThe opening of nan Fontainebleau connected nan Las Vegas Strip was cited for a grounds December for Nevada casinos. The authorities gaming manufacture won an all-time precocious of $15.5 cardinal from gamblers successful 2023. (Image: Fontainebleau Las Vegas)

The Nevada Gaming Control Board (NGCB) revealed Wednesday that 2023 gross gaming gross (GGR) totaled much than $15.52 billion. The yearly triumph represents a 4.6% betterment from 2022.

Nevada casinos proceed to turn gross successful nan aftermath of nan COVID-19 pandemic. 2023 marked nan state’s third consecutive year reporting a caller GGR high.

The gross study shows that authorities casinos won astir $10.3 cardinal connected slot machines and much than $5.2 cardinal from array games and sports betting. The slot haul represents a 2.3% year-over-year increase, while nan felt and oddsmakers saw income surge complete 8%.

Nevada’s grounds gaming triumph tin beryllium attributed to respective factors, including aggregate signature typical events which occurred passim nan twelvemonth and dependable request for gaming-related activities by resilient customers whose behaviour has remained accordant successful nan look of respective challenges, which included ostentation and rising liking rates,” commented Michael Lawton, nan elder economical expert for nan NGCB.

“Nevada has continued to use from nan surging request for leisure recreation domestically and internationally,” Lawton added.

Nevada remains nan richest gaming authorities successful nan US. The $15.5 cardinal easy bested New Jersey, which booked a distant $5.8 billion. Pennsylvania was 3rd astatine $5.7 billion.

December Delivers

Nevada casinos capped disconnected nan twelvemonth pinch an unprecedented December wherever GGR soared to $1.43 billion. The awesome 9% year-over-year jump represented nan champion December ever for nan Nevada gaming industry.

Typically a slow month, arsenic families don’t spot Las Vegas arsenic a marquee vacation destination and conventions slow during nan Christmas and New Year’s period, December 2023 benefited from nan opening of 2 caller casinos.

The Fontainebleau connected nan Strip opened connected December 23, nan first caller from-the-ground-up casino to unfastened connected nan main resistance since Resorts World successful June 2021. Red Rock Resorts’ Durango Casino & Resort opened successful Spring Valley connected December 5.

December besides benefited from nan National Finals Rodeo being successful municipality successful nan early portion of nan month, a marquee residency from Garth Brooks astatine Caesars Palace’s Colosseum, and U2 concluding their tally astatine nan Sphere.

The Las Vegas Raiders besides hosted 2 games astatine Allegiant Stadium conscionable westbound of nan Strip against nan visiting Minnesota Vikings and Los Angeles Chargers. Both games were sold out.

2023 Records

Numerous markets successful nan NGCB study revealed grounds gross years.

GGR successful Clark County deed a grounds $13.48 billion, a 5.5% premium connected 2022. Las Vegas Strip casinos won an all-time precocious disconnected gamblers, pinch players losing $8.9 billion.

Table crippled and sportsbook triumph connected nan Strip surged 15.5% to much than $4 billion. Slots added much than $4.8 billion, almost 5% better. The 2023 Strip gross was 7.4% richer than 2022’s win.

The $909.6 cardinal won by downtown Las Vegas casinos was a record, arsenic was nan $183.6 cardinal won by casinos successful Mesquite. Casinos successful Sparks, Elko County, and Wendover besides reported all-time gaming highs.

Reno was a uncommon blight, arsenic GGR declined almost 1% to $738.3 million. Inflationary concerns among locals were nan apt culprit for nan stagnant play. Slot machines successful nan metered conception reported a GGR driblet of 2%, while array games and sports betting expanded income by complete 5%.

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