Figures released on Tuesday (29 October) from the Nevada Gaming Control Board (NGCB) showed that the state tallied $1.31 billion (£1 billion/€1.21 billion) in gross gaming revenue (GGR) for September, a year-on-year increase of 3.3%. This growth was attributable to the Las Vegas locals market and downtown, not the Strip.
NGCB statistics indicated that downtown Las Vegas generated $91 million in GGR in September. This was a 33% gain over the previous year, the most jump in any Nevada market. The Las Vegas locals industry generated $156 million, a 15.8% increase from the previous year.
Both markets are up about 12% this fiscal year compared to the same period in 2023. These are the highest scores for any verticals published by the board.
The mix of auxiliary markets helped lessen the Strip’s third consecutive monthly decrease. Its total of $727.6 million was a 1.8% decrease over the previous year. Overall, the Strip is down 7.2% from this time last year, the poorest performance of any market. Overall, the state is 2.6% behind its record-breaking pace from this time last year.
See also:
- There is a lot of support for Missouri’s legal wagering measure, but its destiny is questionable.
- Caesars finish $500 million WSOP sale to GGPoker.
- The Singapore casino control upgrade went into effect
Looking closely at the Strip’s report, baccarat remains a boom or bust for the nation’s gambling center. The Strip won $88.5 million on the game in September, a 40% decline from the previous year. To show the game’s volatility, the Strip is down 50% so far in FY24 but up 16% over the preceding 12 months (1 October 2023-30 September 2024).
Nevada sports betting had a strong September.
The report’s highlights included the state’s strong sports betting stats. Statewide sports betting GGR was $80.8 million, up 30% from the previous year. So far in FY24, state sportsbooks have produced GGR of $131.6 million, up 25% from this stage in 2023.
Last month, mobile betting generated $36 million in revenue, up 25% from September 2023.
So far, the state has enjoyed a successful NFL and college football season. Last month, the first full month of regular season action, football betting revenue was $55.8 million, a 49% increase year over year. So far this season, the total revenue has been $64 million, a 53% increase over the previous year.
Reno delivers northern performance.
To the north, Reno’s $71.9 million GGR (+12.4%) helped Washoe County achieve a 7% year-on-year rise. Despite the excellent month, the market is flat compared to this time last year.
Most other major markets in the region had significant reductions, including Sparks (-6%), South Lake Tahoe (-19%), Wendover (-1.4%), and Carson Valley (-6%). Except for Carson (flat), all of them are down thus far this fiscal year.
Join us on all our social channels and groups
Gameongazette is present on:
