Nevada generated record gaming win of $1.4bn (€1.3bn/£1.1bn) in July fuelled by a lucrative month for the famous Las Vegas Strip.
Figures released by the Nevada Gaming Control Board, show total gaming win posted by casinos and sportsbooks was up 6.7% on July 2022. Nevada’s gaming sector has now generated gaming win of more than $1bn for 29 consecutive months.
The figures were driven by the state’s second-highest table game revenue total for a single month at $513.1m. This was up more than 7% year-on-year.
Revenues on the Las Vegas Strip came to almost $834.9m, up by 7.9% compared to the same period in 2022 and an increase of 14.8% on the $727.3m reported during June.
July’s revenues were an all-time record for the Las Vegas Strip, outperforming the previous record of $792.6m set in July 2021.
Nevada sports betting operators reported $25.3m in revenue, representing an increase of 55.7% compared to July 2022. Mobile and online betting accounted for 65.7% of all sports wagers during the month.
Wagering 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.
Gaming revenue 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 $14.8bn for the calendar year.
Nevada collected $95.8m in percentage fees based on the taxable revenues generated during the month.