Nevada’s casinos generate over $1bn in revenue for December 2022

Nevada’s casinos generated over $1bn in revenue for 2022, marking the 22nd month in a row that the Silver State has hit this figure.  

nevada rev 1
Listen To Article

Winning $1.31bn from its 434 licensed casinos, this amount represents a 14% increase year-on-year. 

Most notably, it was a record month for the Las Vegas Strip, which generated $814.2m in December.  

It comes as no surprise, then, that revenue from the Las Vegas Strip for December was up 25% year-on-year, although – what is significant – is that this is the highest yearly percent increase (14%) recorded by any state when compared to December 2021.  

With December’s figures now accounted for, Nevada’s revenue total for the year stands at $14.8bn, up $1.4bn on last year’s final figure. 

A statement from the Nevada Gaming Control Board read: “Nevada has continued to benefit from the surging demand for leisure travel domestically and internationally and a healthy local economy experiencing record employment levels.” 

Although this yearly high for Nevada has been no shock since October 2022, when the outcome of the state’s record-breaking year started to take shape, it is significant given the headwinds faced by the US gaming capital. 

2022 has seen an economic downturn and cost-of-living crisis grip most of the US, pinching the pockets of millions with the war in Ukraine leading to adverse effects in nearly every corner of the globe.  

This came after the beginning of the year, when the last vestiges of the Covid-19 pandemic were still having a localised effect on certain areas of the country.  

However, it's worth noting that gambling is a unique sector and often, when times are tough, gamblers may play more in the hope of a big jackpot win.

Casino News Sponsor
Premium+ Connections
Premium Connections
Executive Profiles
Sightline Payments
Sightline Payments
TalkSport Bet
Kindred Group

Global Gaming Awards Asia: What to expect in 2023

Gambling Insider looks ahead to the Global Gaming Awards Asi...

The power of the rebrand

With the help of industry experts, Gambling Insider Editor T...

Evolution Europe CEO Gionata La Torre: The Italian job

Evolution Group’s new CEO Europe, sits down with Gambling...

Big Question: How can slots innovate from here?

Simon Hammon, CEO of Relax Gaming, Erkki Nikunen, Partner &...

Read Magazine

22 March, 2023

Asia bulletin: Bloomberry terminates deal to invest in PH Travel and Leisure

Bloomberry Resorts has terminated a deal sheet between itself and PH Travel and Leisure Corp, for a proposed investment in PH Travel and Leisure subsidiaries Lapulapu Leisure and Clark Grand Leisure Group.