The Nevada Gaming Control Board launched monetary figures for the state’s on line casino trade final week and reported whole gaming income of $1.32 billion for November 2024, a 4.2% lower in comparison with the identical month in 2023 when income reached $1.37 billion.
This marked the second-straight month of declining income. For the fiscal yr (July 1, 2024 via Nov. 30, 2024), gaming win has decreased 2.85%.
A sagging Clark County, residence to Las Vegas, performed a significant function within the state’s general income decline. The county noticed income of $1.16 billion, a drop of 4.2% from November 2023. The Las Vegas Strip noticed a income lower of three.9% to $787.7 million, down from $820.9 million in 2023.
Both slots and desk video games suffered declines. Slot machine income stood at $399.7 million, down 2.7%. Table video games dropped 5.1% to $389 million. Downtown Las Vegas didn’t undergo fairly the identical loss because the Strip, dropping simply 2.7% to $79 million in comparison with $81.2 million in November 2023.
Other elements of Clark County suffered even larger losses. Laughlin fell 15.5% to $34.1 million. The Boulder Strip noticed a 20.1% income decline to $66.2 million. There have been additionally a few vibrant spots. Mesquite noticed income climb 8.8% to $16.5 million and North Las Vegas was up 6.1% to $34.1 million.
The remainder of the state was a blended bag. Reno declined 10.5% to $52 million from $58 million in 2023. North Lake Tahoe noticed income improve of 8.9% to $1.8 million. Reno noticed income slide 10.5% to $52 million from $58 million in November 2023. South Lake Tahoe additionally noticed a large drop of 20.3% to $14.4 million.
Control Board senior financial analyst Michael Lawton reported that whereas the 2023 F1 Las Vegas Grand Prix introduced many guests to city, the 2024 occasion didn’t entice as many individuals this yr. The month ending on a Saturday additionally meant totals from Nov. 30 have been reported for December as an alternative.
“It seems our numbers in Southern Nevada were lower as expected, considering attendance at Formula 1 wasn’t as large as the previous year,” he stated. “We were facing a difficult comparison, as last November was the third-highest win total in state history. However, if we were not negatively impacted by slot revenue timing, the state would have recorded an increase year-over-year.”
The Las Vegas Convention and Visitors Authority (LVCVA) additionally reported that conference attendance was off by 8%. The state collected $87.2 million in gaming charges based mostly upon taxable revenues from November 2024, a 1.5% improve.
