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Despite a slight decrease in March, the gaming win in Nevada has still managed to exceed the $1 billion mark for 25 consecutive months


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According to recent data from state gaming regulators, the gaming win for Nevada casinos experienced a slight decline in March compared to the previous year. Despite this, non-restricted gaming licensees were still able to surpass the $1 billion mark, reporting a win of $1.31 billion last month.

The Nevada Gaming Control Board reported that the total revenue was approximately 3.2% lower than March 2022, when the gaming win was just under $1.36 billion. The decrease in revenue was primarily driven by the Las Vegas Strip, where casinos saw a 3% decline in their earnings from slots and tables. Nevertheless, this marks the 25th consecutive month that the state’s casinos have surpassed $1 billion in win revenue.

Despite a decline from the previous year, Las Vegas Strip casinos still accounted for over 55% of the state’s casino win with a reported win of $724.6 million. March typically draws large crowds to casinos for the NCAA men’s basketball tournament, a significant sports betting event, but this was not sufficient to compensate for a 14% decrease in table games revenue, which came in at around $302.2 million.

In contrast, Downtown Las Vegas experienced a successful month, as Fremont Street and the surrounding casinos in Las Vegas City saw a modest increase of 1% in gross gaming revenue, reaching $87.4 million. This is noteworthy, given the increasingly challenging comparisons.

Furthermore, the Gaming Control Board reported that the state collected $97.4 million in percentage fees based on the taxable revenue generated last month, representing a 0.2% decrease from last April when percentage fee collections were $97.6 million.

Michael Lawton, the senior economic analyst at NGCB, has acknowledged that comparisons are becoming challenging for the state’s gaming industry as it experienced a surge of pent-up demand in the two years following the pandemic-stricken 2020. Now, it is increasingly difficult to match the numbers reported during those peak months.

Despite the 3% year-over-year setback, Lawton emphasized that the Nevada gaming industry is still in good health. He pointed out that the state’s second-best month ever for gaming win, behind only July 2021, was in March 2022, when $1.36 billion was won. March 2022 benefited from pent-up demand resulting from Omicron disruption in January and February.

Meanwhile, the Las Vegas Convention and Visitors Authority (LVCVA) has also released its figures for March, revealing a nearly 10% year-over-year increase, with over 3.65 million visitors coming to Southern Nevada. This was partly due to the return of convention business, as exhibition traffic surged 40% to 771,000 attendees.

Furthermore, the Harry Reid International Airport, Las Vegas’ primary commercial airport, saw a 16% increase in passengers in March 2023 compared to March last year, with international passengers surging by 64%..

Jerome McNamara
Jerome McNamara
Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.


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