Analysts: Nevada casinos headed toward a second-straight revenue record year

Analysts: Nevada casinos headed toward a second-straight revenue record year

Article brief provided by The Nevada Independent
  • Howard Stutz, The Nevada Independent
October 2, 2022 6:04 PM
  • Howard Stutz, The Nevada Independent

Historically, Nevada gaming revenue averages a 9 percent decline between July and August.

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The Gaming Control Board said Thursday that August’s statewide gaming revenue figure of more than $1.2 billion was a 3.5 percent increase from a year ago, even as the market was down 8.2 percent from July – well within the historical trend.

But with statewide gaming totals up almost 14 percent above 2021’s record year of $13.4 billion, 2022 appears to be on track to once again rewrite Nevada gaming history books.

Strip casinos continued to pace the state total with an August revenue figure of $659.7 million, an increase of 5.2 percent from 2021. Through eight months, Strip casinos are almost 25 percent ahead of 2021’s record $7 billion in gaming revenue.