A new NFL season and the Canelo-GGG rematch helped extend the Silver State’s lucrative winning streak.
Let It Ride: Nevada’s record revenue streak is expected to last for several more months—at least.
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Nevada’s luck has yet to run out. The Silver State reported its 19th consecutive month of more than $1 billion in gaming revenue.
According to the Nevada Gaming Control Board, the state’s casinos collected $1.2 billion in revenue—an 18% increase from the same month in 2019, before the pandemic.
The state is also on pace to eclipse last year’s record-breaking gaming revenue total of $13.4 million. Nevada’s casinos generated $11 billion over the last nine months, which is 13.2% higher than the same period in 2021. Revenues from the Las Vegas Strip are up a robust 22.7%.
“We have three months left in the calendar year and I’m going to go out on a limb and say this year is going to surpass last year,” says Michael Lawton, senior economic analyst at the Nevada Gaming Control Board.
The Strip continues to carry Nevada’s rally, which is approaching the two-year mark. In September, Las Vegas casinos brought in $693 million, up 8.3% from September 2021. Slot machines inside Strip casinos brought in 15.3% more revenue than last September, while football season, concerts and special events also helped Vegas continue to attract tourists and dollars. For instance, on September 17, Canelo Alvarez defeated Gennady Golovkin in their third boxing match at T-Mobile Arena. The next day, the Las Vegas Raiders played their home opener against the Arizona Cardinals at Allegiant Stadium. Earlier in the month, 1980s metal bands Mötley Crüe, Def Leppard and Poison drew big crowds to Allegiant, and Aerosmith launched its residency at the Park MGM.
Statewide, revenue is up 13% current year to date over last year. Every market is up for the f
