{"id":1872560,"date":"2024-02-02T11:48:19","date_gmt":"2024-02-02T16:48:19","guid":{"rendered":"https:\/\/platogaming.com\/plato-data\/nevadas-casino-gaming-revenue-reaches-15-5-billion-in-2023\/"},"modified":"2024-02-02T11:48:19","modified_gmt":"2024-02-02T16:48:19","slug":"nevadas-casino-gaming-revenue-reaches-15-5-billion-in-2023","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/nevadas-casino-gaming-revenue-reaches-15-5-billion-in-2023\/","title":{"rendered":"Nevada\u2019s Casino Gaming Revenue Reaches $15.5 Billion In 2023"},"content":{"rendered":"
<\/div>\n

Casinos in Nevada decided to finish last year strong in terms of accumulated profits, achieving a record win for the 3rd year in a row.<\/p>\n

The best single year on record:<\/strong><\/p>\n

On January 31, the Nevada Gaming Control Board (NGCB)<\/strong> officially revealed that gaming income across the state managed to reach $15.5 billion<\/strong> in the previous year, the \u201cbest single year on record<\/strong>.\u201d <\/em>In addition, gaming earnings records has been unveiled statewide, involving parts of Washoe<\/strong> and Clark County<\/strong><\/a>. Beside these two, records were also established in Wendover<\/strong> and Elko County<\/strong> among other regions.<\/p>\n

Those primarily responsible for the rise in income were the continued demand<\/strong> for gaming<\/strong> and the many special events<\/strong> held in the said state during the duration of 2023, the NGCB revealed. Relatedly, a large number of gaming earnings records were at the top in the former year.<\/p>\n

Furthermore, casinos in Nevada managed to officially break \u201call-time\u201d<\/em> gaming earnings records per month for 9 out of 12 months of 2023, according to senior economic analyst <\/strong>at the Nevada Gaming Control Board (NGCB) Michael Lawton<\/strong>. He added that the \u201ctop 3 months of all time\u201d<\/em> were December<\/strong>, November<\/strong> and July<\/strong>.<\/p>\n

In this sense, gaming earnings in December reached $1.43 billion<\/strong>, which represents a growth of 9%<\/strong> compared to the same period two years ago, aka in 2022, when earnings amounted to $1.31bln<\/strong>.<\/p>\n

On an annualized basis, gaming income rose 4.6%<\/strong> in the former year compared to 2022, bringing an extra $679.3 million<\/strong> to Silver State\u2019s casinos. Also, the Las Vegas Strip<\/strong> is responsible for 90.3%<\/strong> of this increase.<\/p>\n

As for the former 2 years, they have also been very good in terms of income collected, with 2022<\/strong><\/a> generating $14.8 billion<\/strong> for the said Nevada<\/a> casinos. This data represents a growth of 10.5%<\/strong> compared to $13.4 billion<\/strong>, which is the yearly record of 2021<\/strong>. Commenting on this, Lawton said that when you compare this revenue data with the data from 2019, you can clearly see that total yearly gaming earnings rose by 29%<\/strong> in the previous year.<\/p>\n

Detailed 2023 revenue data for Washoe County:<\/strong><\/p>\n

When it comes to specific details regarding 2023 income, there is Washoe County<\/strong> which experienced an 8.9% drop<\/strong> throughout the 1Q. The primary reason for this was the effect of inclement weather<\/strong>, according to the Reno Gazette Journal<\/em><\/a>.<\/p>\n

Relatedly, after the cold season, casinos in the said county risen their gaming income for the second, third and fourth quarters of 2023. However, the yearly gaming income<\/strong> in the county slightly decreased<\/strong>, which means by 0.2%<\/strong> for the same year. But casinos in the area grossed $1.04bln<\/strong> for the whole year.<\/p>\n

Furthermore, this is the 3rd year in a row that the said county has topped $1bln<\/strong> in yearly gaming income. Before 2021, casinos there have failed to reach<\/strong> $1 billion<\/strong> or more in income since 2007.<\/p>\n

Although the county hasn\u2019t been booming when it come to gaming earnings, that hasn\u2019t stopped some sub-markets from seeing positive results<\/strong> for the past year.<\/p>\n

As for Sparks<\/a> casinos<\/strong>, they also revealed a record levels of gambling income for 2023, said Lawton. They revealed that they managed to earn roughly $15.2m<\/strong> in gaming income for the last month of 2023, a growth of 5.75%<\/strong> compared to 2022\u2019s $14.3m<\/strong>.<\/p>\n

<\/span><\/span><\/p>\n