The Nevada Gaming Control Board (NGCB) has released its latest monthly revenue report revealing that the state’s casinos reported combined revenues of $1.2 billion during the month of August.
August marks 30th billion-dollar month in a row
According to the report, combined revenues generated by NV casinos during the month mark an increase of 0.07% year-on-year and a 14.3% decrease on the $1.4 billion reported during June. August is now the 30th month in a row that sportsbooks and casinos have generated more than a $1 billion in combined revenues.
Revenues on the Strip came to almost $666.8 million, down by about 1.3% compared to the same period in 2022 and 20% compared to the previous month when the Strip set an all-time record.
According to the report, slots revenue dropped by 3.4%, but table gaming increased by 7.1%. High-end baccarat saw the biggest increase with revenues up by 24% month-on-month to $22.1 million.
Gaming revenues for the first eight months of 2023 is up 3.6% 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 5.6% for the same period.
Taxes collect during the reporting period came to $75.7 million marking an increase of 6.97% year-on-year.
Sports betting
Nevada sports betting operators reported $18.1 million in revenue during August, representing an increase of 12.7% compared to August 2022 but down by 28.5% over the previous month. Overall wagers grew from $408.2 million in July to $431.3 million in August.
Bets placed through mobile apps and online sportsbooks accounted for 73.4% of all sports wagers during the month.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.