The Nevada Gaming Control Board (NGCB) has released its latest monthly revenue report revealing that the state’s casinos reported combined revenues of $1.3 billion during the month of February.
The latest figures represent a 8.5% increase on the same period in 2023 while totals for the fiscal year-to-date (July to Dec) are up by 5.23%. Nevada’s billion-dollar streak has now entered its 36th consecutive month.
Strip resorts accounted for around $800 million of the state’s total revenue figure, an increase of 12.4%. Meanwhile table games total revenue increased by 30.3% year-on-year to $419.7 million. This included baccarat revenue of $180.5 million, an 81.9% jump on last year’s figures.
Taxes collected during the month of March totaled $70,482,911, a 9.54% decrease compared to March 2023.
Sports Betting
The total sports betting handle for the month amounted to $711.9 million, reflecting a 7.94% increase year-on-year. Of that figure $185.6 million was attributed to the Super Bowl. Sportsbooks won around $6.8 million from the NFL showpiece alone.
Sportsbooks reported a hold percentage of 7%, up from 4.4% in November and 6.2% in December of 2022. As a result, sports betting revenues came to $47.9 million, a 16.1% increase on February 2023.
Mobile sports betting accounted for 59.5% of all wagers.
Sports Handle, Revenues & Taxes in Nevada
| Period | Total Handle | Mobile Handle | Mobile Handle % | Sportsbook Revenue | Win % | State Taxes |
|---|---|---|---|---|---|---|
| Feb 2023 | $659,361,022 | $402,276,029 | 61.01% | $41,276,000 | 6.26% | $2,786,130 |
| Mar 2023 | $830,511,364 | $530,228,690 | 63.84% | $43,851,000 | 5.28% | $2,959,943 |
| Apr 2023 | $598,044,280 | $395,191,489 | 66.08% | $32,414,000 | 5.42% | $2,187,945 |
| May 2023 | $527,438,596 | $358,114,754 | 67.90% | $30,064,000 | 5.70% | $2,029,320 |
| Jun 2023 | $479,949,495 | $323,959,732 | 67.50% | $9,503,000 | 1.98% | $641,453 |
| Jul 2023 | $407,996,769 | $268,174,757 | 65.73% | $25,255,000 | 6.19% | $1,704,713 |
| Aug 2023 | $431,002,381 | $316,762,590 | 73.49% | $18,102,000 | 4.20% | $1,221,885 |
| Sep 2023 | $811,158,854 | $539,217,877 | 66.47% | $62,297,000 | 7.68% | $4,205,024 |
| Oct 2023 | $815,676,646 | $536,906,584 | 65.82% | $68,109,000 | 8.35% | $4,597,331 |
| Nov 2023 | $921,168,539 | $624,617,647 | 67.81% | $40,992,000 | 4.45% | $2,766,960 |
| Dec 2023 | $842,952,924 | $562,260,692 | 66.70% | $59,091,000 | 7.01% | $3,988,643 |
| Jan 2024 | $782,817,412 | $508,513,514 | 64.96% | $64,739,000 | 8.27% | $4,369,883 |
| Feb 2024 | $711,900,000 | $423,400,000 | 59.50% | $47,910,000 | 6.70% | $3,200,000 |
| Totals | $8,819,978,282 | $5,789,624,355 | 65.91% | $543,603,000 | 5.96% | $36,659,230 |
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.