Nevada GGR up 11% year-on-year for February 2023 at $1.24bn
Nevada has continued its long-running streak of achieving $1bn in gross gaming revenue (GGR) month-on-month.
February 2023 marks the 24th consecutive month that gaming revenue has topped the $1bn mark.
Revenue for February represented an 11% rise year-on-year, with $1.24bn generated for the month.
The biggest annual rate of growth came from the Las Vegas Strip, with $712.5m in generated revenue representing a 19% increase from the prior-year period.
Slots reigned supreme in Vegas’ casinos, generating $390.4m of The Strip’s total GGR for February, up 16% year-on-year.
Table game revenue was not too far off the pace either, with $322m generated, up 23% on the prior-year period.
Baccarat generated the most from any table game; $99m was made in total, a yearly increase of 60%.
Other Las Vegas local markets made a combined $232.9m, representing 4% growth year-on-year.
The biggest losses felt in Nevada came from the Carson Valley Area, where revenue fell 12% year-on-year. Other areas of loss include Reno, where total GGR fell 10%, while an 8% decline was seen in Washoe County overall.
The Nevada Gaming Control Board’s Senior Economic Analyst Michael Lawton believed that lower revenue results in these areas of Northern Nevada were a result of poor winter weather conditions.
He said: “Absolutely weather impacted Northern Nevada results in February. The timing of the storms impacted nearly every weekend during February.”
Elsewhere, Nevada’s sportsbook operations continued to grow, with $41.3m generated for February, an increase of 33%.
This sports betting revenue increase came despite a 16% drop in handle to $659.4m.
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