Nevada’s gaming revenue exceeds $1bn for the seventh month in a row

By Gambling Insider

Nevada’s casinos have continued racking up the winnings in September, surpassing a $1bn gaming win for the seventh consecutive month.

According to data released by the Nevada Gaming Control Board, casinos statewide reported a winning revenue of approximately $1.16bn for September, up 41% from $820.98m for September 2020.

Casinos on the Las Vegas Strip reported an increase of over 80% compared to the same month of 2020, accumulating a gaming win of $640m. The wider Clark County (which contains Las Vegas) saw a $1bn gaming win for September. Comparing those wins to September 2019 (before the Covid-19 pandemic), there’s an increase of almost 10% from $548.2m on the Strip and $913.6m in Clark County.

Reno casinos have also reported an almost 10% increase year-on-year, generating $62.7m revenue. The South Lake Tahoe region generated $5.6m for the month, compared to $24.8m for September 2020, but that decrease was because of the evacuations (from late August into September) caused by the Caldor Fire.

Sportsbooks have had a successful month, seeing a 37% increase year-on-year, with handle of $787m. Sports betting revenue was $54.2m, the third-highest of all-time. Most bettors preferred mobile betting, which generated 63% of all handle and accounted for $495m. Sports bets were mostly NFL and college football-related.

The Las Vegas Visitors and Convention Authority reported hotel occupancy of 73%, up 0.2% from August and the average daily room rate was $155.8m, up 11% compared to the previous month. In total, Nevada has collected almost $73m in percentage fees based on the taxable revenue generated for September 2021.

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