Nevada Gaming Revenue Hits $1 Billion for Ninth Month in a Row

by Natasha Lyndon - Thursday, December 30th, 2021 12:34

Las Vegas Gaming revenue

The latest revenue report from the Nevada Gaming Control Board has revealed that the state’s gambling operators set a new gaming revenue record by topping the $1 billion mark for the ninth month in a row.

This means that for the first 11 months of 2021, the state’s operators have generated $12.3 billion in revenue. This is the third highest total in the history of the state with another full month of revenue to go. According to the report, gaming revenue for 2021 is up by 11.9% when compared to pre-pandemic figures recorded in 2019.

Although November was an incredibly successful month for gaming operators, the $1.32 billion in revenue falls just short of the record $1.35 billion reported in July of 2021. However, the latest figures mark a 71% increase on the same month in 2020 and a 41% increase on 2019’s figures when casinos were open at full capacity.

Casinos on the Las Vegas Strip reported $755 million in revenue during November marking a 7.5% increase on the previous month. Revenue on the Strip increased by 45.8% compared to the same period in 2019. As a result, the Strip is up by 7.2% for the year when compared to 2019.

Downtown Las Vegas, that caters mostly to local gamblers, saw an increase of 59.1% to $82.9 million in comparison to November 2019.

It was also a bumper month for Nevada sports betting as the state’s licensed sportsbooks accepted over $1 billion in wagers throughout the month. This marks the first time in the state’s history that sports betting has topped $1 billion in consecutive months.

Sports betting operators reported revenue of $72 million from $1.1 billion in wagers placed throughout the month. This marks an all-time sports betting revenue record beating the previous record of $61.8 million set in November of 2020.

Mobile sports betting accounted for $776.6 million (71.5%) of all sports betting activity for the month of November.

Natasha Lyndon

Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.