The latest monthly revenue report released by the Nevada Gaming Control Board (NGCB) reveals that the state’s casinos reported combined revenues of $1.27 billion in September. This marks an increase of 1.69% year-on-year and a 5.8% increase from the $1.2 billion reported in August. The total was also 20% higher than the same month in 2019, before the global pandemic, making it the 31st consecutive month that the state has reported over a billion dollars in revenue.
On the Las Vegas Strip, revenues came to $741.2 million, showing a 6.94% increase compared to the same period in 2022 and an 11.1% increase from the previous month. While slot revenue decreased by 5.12% year-on-year, table gaming saw an increase of 16.64%, driven by a 26.6% increase in table gaming revenue on the Strip and a significant 87.8% increase in baccarat revenues during the same period.
For the first nine months of 2023, gaming revenues are up 2.9% year-on-year, putting the state on track to surpass last year’s record revenue total of $14.8 billion for the calendar year. Strip revenue is up by 5.5% for the same period, while Clark County revenues are up by 3.61%. Taxes collected during the reporting period came to $77.6 million, marking a decrease of 3.6% year-on-year, with the total taxes collected for the year reaching $333.4 million, up by 1.13% compared to the same period the previous year.
In terms of sports betting, Nevada sports betting operators reported $62.3 million in revenue during September, representing a drop of almost 12% compared to September 2022. However, this figure was the third-highest revenue in the post-PASPA era and a 244.2% increase over the previous month. Overall wagers grew from $431.3 million in August to $811.3 million in September, with bets placed through mobile apps and online sportsbooks accounting for 66.4% of all sports wagers during the month.