A record, but not a surprise: Nevada revenue tops $1bn for eighth successive month

By Tim Poole

Are we at Gambling Insider at all surprised to hear Nevada gaming has once again surpassed $1bn in monthly revenue? Nope.

Following its $1.06bn posting in March, its $1.03bn tally in April, the state's $1.23bn total in May, its $1.19bn revenue generation in June, its $1.35bn posting in July, its $1.16bn tally in August and its $1.01bn total in September – yes, sorry for the long list, that's a lot of billions – Nevada has generated gross gaming revenue exceeding the $1bn mark for an eighth month in a row.

As other media outlets have noted, this confirms the trend that hospitality and tourism has returned to pre-pandemic levels in Nevada, the home of Las Vegas.

According to data from the Nevada Gaming Control Board, casino revenue was just over $1.2bn for October, with the monthly total up 20% from October 2019.

Board senior analyst Michael Lawton pointed out that gaming win for 2021 is now 9% above 2019.

Despite "disappointing results" from Nevada's sportsbooks in football, sports betting handle also set an all-time record.

Overall, this contributed to $71.8m in tax revenue for the Silver State.

Las Vegas gaming is certainly booming right now, with analysts in our recent issue of Gaming America predicting that 2022 may well be the most lucrative year in US gaming's history.

Given how 2021 has gone for Nevada (among others), this may well be on the cards...

The only obstacle that could scupper a historic year for the record books is, of course, a further spread of Covid-19. Casinos in Nevada will be on alert as several economies prepare for potential anti-Covid-19 measures this winter.

For now, though, the outlook remains very, very promising.

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