The Nevada Gaming Control Board (NGCB) has released its latest monthly revenue report revealing that the state’s casinos reported combined revenues of $1.27 billion during the month of September.
September marks 31st billion-dollar month in a row
According to the report, combined revenues generated by Nevada casinos during the month mark an increase of 1.69% year-on-year and a 5.8% increase on the $1.2 billion reported during August. The latest total was also 20% higher than the same month in 2019 before the global pandemic. This means that the state has now reported more than a billion dollars in revenue for the 31st month in a row.
Revenues on the Strip came to $741.2 million, an increase of 6.94% on the same period in 2022 and 11.1% on the $666.8 million reported in the previous month.
According to the report, slots revenue dropped by 5.12% year-on-year while table gaming increased by 16.64%. This was driven primarily by a 26.6% increase in table gaming revenue on the Strip and a significant 87.8% increase in baccarat revenues across the same period.
Gaming revenues for the first nine months of 2023 is up 2.9% year-on-year putting the state on track to beat last year’s record revenue total of $14.8 billion for the calendar year. Strip revenue is up by 5.5% for the same period while Clark County revenues are up by 3.61%.
Taxes collect during the reporting period came to $77.6 million marking a decrease of 3.6% year-on-year. This brings the total taxes collected for the year to $333.4 million, up by 1.13% compared to the same period in the previous year.
Sports betting
Nevada sports betting operators reported $62.3 million in revenue during September, representing a drop of almost 12% compared to September 2022. However, this was the third highest revenue figure in the post-PASPA era and a 244.2% increase over the previous month. Overall wagers grew from $431.3 million in August to $811.3 million in September.
Bets placed through mobile apps and online sportsbooks accounted for 66.4% of all sports wagers during the month.
- Total Handle: $43,963,912,638
- Sportsbook Revenue: $2,555,375,000
- State Taxes: $172,554,457
- Win % Avg: 5.63%
| Period | Total Handle | Mobile Handle | Mobile Handle % | Sportsbook Revenue | Win % | State Taxes |
|---|---|---|---|---|---|---|
| Jun 2018 | $286,548,295 | $0 | 0.00% | $20,173,000 | 7.04% | $1,361,678 |
| Jul 2018 | $244,638,554 | $0 | 0.00% | $4,061,000 | 1.66% | $274,118 |
| Aug 2018 | $247,622,789 | $0 | 0.00% | $12,604,000 | 5.09% | $850,770 |
| Sep 2018 | $571,034,482 | $0 | 0.00% | $56,304,000 | 9.86% | $3,800,520 |
| Oct 2018 | $528,568,873 | $0 | 0.00% | $29,547,000 | 5.59% | $1,994,423 |
| Nov 2018 | $581,070,664 | $0 | 0.00% | $27,136,000 | 4.67% | $1,831,680 |
| Dec 2018 | $561,859,873 | $0 | 0.00% | $44,106,000 | 7.85% | $2,977,155 |
| Jan 2019 | $497,482,992 | $0 | 0.00% | $14,626,000 | 2.94% | $987,255 |
| Feb 2019 | $458,591,549 | $0 | 0.00% | $35,816,000 | 7.81% | $2,417,580 |
| Mar 2019 | $596,752,294 | $0 | 0.00% | $32,523,000 | 5.45% | $2,195,303 |
| Apr 2019 | $328,121,212 | $0 | 0.00% | $21,656,000 | 6.60% | $1,461,780 |
| May 2019 | $317,380,282 | $0 | 0.00% | $11,267,000 | 3.55% | $760,523 |
| Jun 2019 | $322,077,670 | $0 | 0.00% | $16,587,000 | 5.15% | $1,119,623 |
| Jul 2019 | $235,659,955 | $0 | 0.00% | $10,534,000 | 4.47% | $711,045 |
| Aug 2019 | $287,757,296 | $0 | 0.00% | $18,733,000 | 6.51% | $1,264,478 |
| Sep 2019 | $546,358,867 | $0 | 0.00% | $52,068,000 | 9.22% | $3,514,590 |
| Oct 2019 | $543,552,781 | $0 | 0.00% | $47,887,000 | 8.81% | $3,232,373 |
| Nov 2019 | $614,118,812 | $0 | 0.00% | $31,013,000 | 5.05% | $2,093,378 |
| Dec 2019 | $571,179,245 | $0 | 0.00% | 36,327,000 | 6.36% | $2,452,073 |
| Jan 2020 | $502,543,631 | $245,820,568 | 48.92% | $20,152,000 | 4.01% | $1,360,260 |
| Feb 2020 | $491,782,946 | $218,722,466 | 44.58% | $38,064,000 | 7.74% | $2,569,320 |
| Mar 2020 | $141,165,049 | $88,927,738 | 63.00% | $1,454,000 | 1.03% | $98,145 |
| Jun 2020 | $77,903,226 | $61,747,312 | 79.26% | -$483,000 | -0.62% | $0 |
| Jul 2020 | $163,506,494 | $112,898,833 | 69.05% | $6,295,000 | 3.85% | $424,913 |
| Aug 2020 | $474,469,273 | $305,194,444 | 64.32% | $16,986,000 | 3.58% | $1,146,555 |
| Sep 2020 | $575,069,930 | $315,472,779 | 54.86% | $32,894,000 | 5.72% | $2,220,345 |
| Oct 2020 | $659,222,395 | $376,842,105 | 57.16% | $42,388,000 | 6.43% | $2,861,190 |
| Nov 2020 | $609,536,489 | $343,947,368 | 56.43% | $61,807,000 | 10.14% | $4,171,973 |
| Dec 2020 | $588,014,493 | $352,182,663 | 59.89% | $40,573,000 | 6.90% | $2,738,678 |
| Jan 2021 | $646,679,012 | $363,679,245 | 56.24% | $52,381,000 | 8.10% | $3,535,718 |
| Feb 2021 | $553,843,478 | $316,346,749 | 57.12% | $31,846,000 | 5.75% | $2,149,605 |
| Mar 2021 | $640,781,759 | $385,125,448 | 60.10% | $39,344,000 | 6.14% | $2,655,720 |
| Apr 2021 | $457,798,319 | $297,093,023 | 64.90% | $27,239,000 | 5.95% | $1,838,633 |
| May 2021 | $477,583,774 | $297,869,955 | 62.37% | $27,079,000 | 5.67% | $1,827,833 |
| Jun 2021 | $545,514,019 | $314,307,036 | 57.62% | $29,185,000 | 5.35% | $1,969,988 |
| Jul 2021 | $409,852,217 | $241,950,355 | 59.03% | $33,280,000 | 8.12% | $2,246,400 |
| Aug 2021 | $428,149,254 | $296,484,642 | 69.25% | $14,343,000 | 3.35% | $968,153 |
| Sep 2021 | $786,705,370 | $498,214,286 | 63.33% | $54,204,000 | 6.89% | $3,658,770 |
| Oct 2021 | $1,100,501,139 | $703,750,000 | 61.43% | $48,312,000 | 4.39% | $3,261,060 |
| Nov 2021 | $1,085,550,928 | $777,177,778 | 71.59% | $71,972,000 | 6.63% | $4,858,110 |
| Dec 2021 | $1,010,265,822 | $765,000,000 | 75.72% | $15,960,000 | 1.58% | $1,077,300 |
| Jan 2022 | $1,111,044,444 | $786,787,565 | 70.82% | $49,997,000 | 4.50% | $3,374,798 |
| Feb 2022 | $764,924,242 | $512,372,881 | 66.98% | $30,291,000 | 3.96% | $2,044,643 |
| Mar 2022 | $862,757,009 | $576,646,526 | 66.84% | $36,926,000 | 4.28% | $2,492,505 |
| Apr 2022 | $589,356,322 | $424,193,548 | 71.98% | $25,367,000 | 4.30% | $1,712,273 |
| May 2022 | $561,309,771 | $397,772,397 | 70.87% | $26,999,000 | 4.81% | $1,822,433 |
| Jun 2022 | $490,411,523 | $329,628,821 | 67.21% | $23,834,000 | 4.86% | $1,608,795 |
| Jul 2022 | $419,147,287 | $273,716,981 | 65.30% | $16,221,000 | 3.87% | $1,094,918 |
| Aug 2022 | $408,854,962 | $293,264,706 | 71.73% | $16,068,000 | 3.93% | $1,084,590 |
| Sep 2022 | $761,099,138 | $491,985,816 | 64.64% | $70,630,000 | 9.28% | $4,767,525 |
| Oct 2022 | $921,539,708 | $612,841,163 | 66.50% | $56,859,000 | 6.17% | $3,837,983 |
| Nov 2022 | $927,857,143 | $641,687,898 | 69.16% | $37,671,000 | 4.06% | $2,542,793 |
| Dec 2022 | $880,462,520 | $603,066,667 | 68.49% | $55,205,000 | 6.27% | $3,726,338 |
| Jan 2023 | $935,788,497 | $581,606,557 | 62.15% | $50,439,000 | 5.39% | $3,404,633 |
| 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 |
| Mar 2024 | $785,277,045 | $507,017,544 | 64.57% | $29,762,000 | 3.79% | $2,008,935 |
| Apr 2024 | $569,200,000 | $389,902,000 | 68.50% | $30,800,000 | 5.40% | $2,100,000 |
| May 2024 | $515,393,419 | $351,435,115 | 68.19% | $36,026,000 | 6.99% | $2,431,755 |
| June 2024 | $481,567,044 | $314,446,529 | 65.30% | $29,809,000 | 6.19% | $2,012,108 |
| July 2024 | $375,900,000 | $254,100,000 | 67.60% | $25,800,000 | 6.90% | $1,700,000 |
| Aug 2024 | $455,828,780 | $313,016,878 | 68.67% | $25,025,000 | 5.49% | $1,689,188 |
| Sep 2024 | $764,600,000 | $484,900,000 | 63.40% | $80,900,000 | 10.57% | $5,500,000 |
| Oct 2024 | $794,800,000 | $28,900,000 | 3.60% | $2,000,000 | ||
| Totals | $43,963,912,638 | $22,608,768,740 | 47.49% | $2,519,048,000 | 5.63% | $172,554,457 |
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.