Bolstered by an all-time revenue record in December of $1.46 billion, Nevada casinos broke their record for full-year gaming revenue, winning $15.61 billion in 2024. That amounted to a 0.6% annual increase from $15.52 billion in 2023, and a 4.6% increase over 2022, the Nevada Gaming Control Board reported Thursday.
The year 2024 set the new record despite the Strip reporting a 1% decline in gaming revenue to $8.8 billion, down from $8.9 billion in 2023. The strength was with Las Vegas locals casinos, with the balance of Clark County category showing a 10.6% increase from $1.7 billion to $1.9 billion in 2024.
Downtown Las Vegas also showed strength with a 2.4% increase from $909.7 million to $931.2 million. Washoe County in northern Nevada reported a 1.4% increase from $1.03 billion to $1.05 billion.
In 2024, the Boulder Strip fell 0.6% to $959.6 million, while North Las Vegas fell 1.6% to $284.9 million. Laughlin fell 5.7% to $482 million, down from $511 million. Mesquite declined 3% to $180 million, down from $183 million.
In Washoe County, Reno rose 2.8% to $758.8 million, while Sparks fell 2.7% to $177.6 million. South Lake Tahoe edged up slightly to $244 million, up from $243.8 million.
For the month of December, Nevada recorded $1.46 billion in revenue, a 2% increase over the $1.43 billion in December 2023. The Strip fell 2.7% in December to $881.2 million, down from $905.3 million in December 2023.
“The state was up for the month and the calendar year despite the decreases on the Strip,” according to Michael Lawton, an analyst with the Nevada Gaming Control Board. “The Strip was down low single digits in December and the calendar year. Other markets, specifically the balance of Clark County, offset the Strip’s declines for the calendar year. December benefitted from slot collections that rolled over from the last weekend of November into December, which helped offset the Strip’s decline in December.”
Slot win generated 67.4% of the state’s total gaming win in 2024. Slot win increased 2.3% after increasing 2.7% in 2023. Total coin-in increased 1.6% statewide in 2024, after increasing 2.8% last year.
Statewide drop from games increased 0.5% during 2024, after increasing 1.2% last year. Table, counter, and card-game win decreased 2.8% in 2024, following an 8.3% increase in 2023. Over the 10-year period from 2015 to 2024, total-win growth has averaged 6.1%, with slot win averaging 6.9% and games averaging 4.7%, Lawton said.
December 2024 total win of $1.461 billion increased 2% or $28.6 million versus December 2023, which set the previous all-time record.
Nevada continued to record gaming-win amounts in excess of pre-pandemic levels, Lawton said. Statewide total win was 38.1% or $403.4 million over December 2019. This month also represented the 46th consecutive month that the state has recorded $1 billion in monthly gaming win.
When compared to December 2022, Nevada’s December 2023 gaming win increased 9%, with the Las Vegas Strip’s gaming win increasing by 11.2%. December 2023 was the all-time high for monthly gaming win statewide and the Strip.
The Strip’s December win of $881.3 million decreased 2.7% or $24.1 million and has decreased in six consecutive months. The last time the Strip declined in six consecutive months was December 2018 through May 2019.
Clark County’s gaming win in December totaled $1.288 billion, an increase of 1.5% or $18.5 million and represents a new all-time record for monthly gaming win, beating December 2023’s previous high of $1.270 billion, Lawton said.
In December statewide games win of $480 million decreased 16.5% or $94.6 million and games drop of $3.4 billion, decreased 3% or $103.8 million from December 2023. Games hold percentage was 14.1% versus 16.4%.
Statewide baccarat win of $199.6 million in December decreased 9.9% or $22 million and baccarat drop of $964.6 million decreased 4.9% or $49.4 million. Baccarat’s hold percentage was 20.7% versus 21.9% last year.
Statewide total gaming win excluding baccarat increased 4.2% or $50.7 million in December. Statewide baccarat win has decreased in six consecutive months and seven of the last eight months, Lawton said.
In December, Nevada sportsbooks won $15 million, down 74.7% or $44.1 million compared to December 2023 on a hold percentage of 1.8% versus 7% last year. Sportsbook wagers totaled $821.2 million, down 2.6% or $22.3 million compared to last December when $843.5 million was wagered statewide.
Statewide mobile wagers totaled $572.8 million, up 2% ($11.1 million), and accounted for 69.8% of all wagers. December football lost $2.1 million and was down $39.4 million or 105.8%. Volumes were up $16.7 million or 3.6%.
In December, statewide slot win of $981.1 million increased 14.4% or $123.3 million and coin-in of $13.599 billion was up $63.4 million or 0.5%. Slot hold percentage was 7.2% versus 6.3% last year. Statewide slot win and volume set new all-time monthly records, beating the previous high of $932.1 million established in October 2024 for win and December 2023’s previous record volume total of $13.535 billion
In December, the Strip’s slot win totaled $495.4 and increased 11.1% or $49.4 million with a coin-in total of $6.3 billion, which increased 1.5% or $93.0 million. Slot hold was 7.9% versus 7.2% last year. Both totals represent new all-time records for monthly slot win and volume, beating the previous highs set last December, Lawton said.
The Strip’s games win in December totaled $385.9 million and decreased 16% or $73.4 million; drop was $2.5 billion, which decreased 3.9% or $101.1 million. Games hold percentage was 15.4% versus 17.6% last year.
Baccarat win in December totaled $197.2 million and was down $21.4 million or 9.8%. Volume was $948.7 million, down 4.5% or $44.5 million; hold was 20.8% versus 22%. Total win excluding baccarat decreased by 0.4% or $2.7 million.
Sportsbooks won $2.1 million, down 91.5% or $22.2 million. Volumes were down 7.7% or $30.8 million on a hold of 0.6% versus 6.1% last year.
In December, the Strip hosted Garth Brooks at the Colosseum at Caesars Palace for several dates. The Eagles continued their residency at the MSG Sphere. Allegiant Stadium hosted George Strait and Chris Stapleton. Bruno Mars returned to Dolby Live at Park MGM. The 2024 Emirates NBA Cup was held at the T-Mobile Arena. The Las Vegas Raiders played two home games at Allegiant Stadium and Janet Jackson opened her residency at Resorts World Las Vegas.
