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 March.
According to the report, Nevada casinos‘ combined revenues mark an increase of 3.18% year-on-year and a 4.8% increase on the $1.24 billion reported during February. This is now the 25th month in a row that gambling operators have generated more than a $1 billion in revenues.
Revenues on the Strip came to $724.5 million reflecting a 2.9% increase compared to the same period in 2023 and an increase of 1.7% on the $712.5 million reported during the previous month.
Casinos in Clark County accounted for the majority of March’s increase in revenues as combined revenues for the region came to $1.17 billion an 8.3% jump on the previous month’s total of $1.08 billion. March also marked the eleventh month in a row that Clark County topped the $1 billion mark in revenues.
Downtown Las Vegas generated $8734 million in gaming revenue up by 1.15% from March 2022.
The state collected more than $97.3 million in gaming taxes, a significant increase on the $75.5 million collected in the previous month but a 0.24% decrease on the same period in 2022. However, this is the highest figure collected during the current fiscal year. This means that for the fiscal year 2023, the total tax collected is up by almost 1.3% to $808.9 million.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.