The financial results for 2022 have been disclosed by Nevada casinos, revealing that the state’s gaming revenue exceeded $14.8 billion, surpassing the previous figure of $13.4 billion.
- The state’s gaming revenue experienced an increase last year.
- Record monthly high reported by strip casinos.
According to the Nevada Gaming Control Board, the Strip, which is renowned as Las Vegas’ most iconic street, generated a staggering $8.2 billion in revenue for the state. This represents a remarkable increase of 17.1% when compared to the previous year. In the month of December alone, the Strip’s performance reached an impressive $814.2 million. This exceptional result can be attributed to the success of notable events including the National Finals Rodeo, two Las Vegas Raiders games, and a UFC fight. Overall, the total revenue for the month amounted to an impressive $1.3 billion.
Breaking records
Nevada reached a significant milestone in December 2022. It marked the 22nd consecutive month where the 434 licensed land-based casinos achieved winnings exceeding $1 billion.
In December, the Strip witnessed an unprecedented surge in slot machine gambling as gamblers wagered a staggering $5.8 billion, setting a new record. Additionally, the total gaming revenue for the month skyrocketed by 25% compared to December 2021.
Breakdown of casino games
In December, all types of casino games experienced an increase in performance across the entire state. Here is a comparison of their performance with the same month from the previous year.
- The slot machine wins increased by 2.2%, amounting to $803.5 million.
- The total winnings from table games increased by 40% to reach $511 million.
- There was a 68.7% surge in Baccarat winnings, reaching a total of $148 million.
- Nevada sportsbooks experienced a significant surge in wins, with a remarkable 245% increase amounting to $55.2 million.
The Control Board anticipates a potential moderation in the monthly revenue increases in 2024, yet reassures that the industry will continue to thrive.
