Nevada’s casinos skilled a income growth to begin the brand new yr.
According to numbers from the Nevada Gaming Control Board, Silver State casinos received $1.44 billion in January. That’s a rise of 12.5% over the identical month in 2024 when income stood at $1.28 billion.
For the fiscal yr, which began July 1, 2024, income has elevated 0.03%. Clark County, dwelling to Las Vegas, was one of many greatest drivers and Vegas Strip income bounced again after dropping in December.
Clark County as an entire noticed income of $1.27 billion, up 1.26% from final January. The Strip surged 22.5% to $840.1 million from $688.1 million for a similar month in 2023. Slot machines noticed income of $424.4 million on the Strip, a rise of 5.9%.
Table video games produced $415.6 million, up 18.9%. Baccarat was a serious driver of that and rose 12.1% to $214.3 million. The sport often sees extra well-heeled gamblers and revenues can usually rise and fall with how these gamers fare on the tables.
“With that limited footprint the game is not played by masses at every casino in the state,” NGCB senior financial analyst Michael Lawton mentioned. “Instead it’s performed by a restricted variety of clients who’re allowed to wager six-figure quantities per hand.
“This creates the volatility in year-over-year comparisons due to the fact that it is impossible to determine which players will arrive in a given month and how lucky or unlucky the game will play January’s baccarat win amount is the fourth highest total all-time. Baccarat’s hold percentage was 26.47% versus 16.13% last year.”
Other components of the county noticed blended outcomes. Downtown Las Vegas dropped 2.3% to $83.8 million. Laughlin additionally declined 5% to $42.2 million and the Boulder Strip fell 6.2% to $87.4 million. However, North Las Vegas was up 5.4% to $22.8 million and Mesquite noticed income rise 9.7% to $17.4 million.
Other components of the state noticed largely optimistic progress. Reno income elevated 2.5% to $67.1 million and Sparks was up 3.3% to $13.6 million. South Lake Tahoe grew 22.4% to $22.3 million. North Lake Tahoe was one of many few unfavorable spots with a drop of 11.2% to $2 million.
