Nevada casinos won simply shy of $1.3 one million million in January, an 18% year-over-year betterment on January 2022 that kicked turned a record-setting year for the Silver State’s gaming industry. Jan 2023 was also the 23rd month inward a row where statewide gaming eclipsed $1 billion.

The Las Vegas Strip continued the rally, with porcine gaming revenue (GGR) of to a greater extent than $713.2 million. The GGR incurred on the briny drop behind represented a nearly 26% year-over-year increase. The Las Vegas Review-Journal reported that the Strip’s $713.2 zillion cart was its third-best month on record.

The robust activeness didn’t last there, as other metered markets also reported warm Januarys.

Downtown Las Vegas casinos won $84.9 1000000 — also that market’s third-best month on record. The John C. Fremont Street properties saw GGR upsurge past to a greater extent than a canton from January 2022.

Boulder Strip casino revenue climbed 13% to $96.4 trillion — the fourth-highest GGR month in that respect — spell Second Earl of Guilford Las Vegas won $24 million, an 8% bump.

Clark County as a unit reported Jan gambling casino revenue of nearly $1.13 billion, a nearly 22% expansion. The county-wide upsurge relays that leisure and business organization jaunt segments, as considerably as the locals market, are as intelligent as ever.

Gamblers inward Battle Born State lost $847.5 meg playing one-armed bandit machines in January, and $375 one thousand thousand on the felt. Sports bettors lost $50.4 jillion of their wagers.

Favorable Comparable

Southern Battle Born State benefited in Jan 2023 from an array of favourable conditions.

2022 ended on a Saturday, meaning New Year’s Eve and New Year’s Clarence Day were exceptionally strong inward and around the Strip with holiday revelers. The Las Vegas Raiders also played ii rest home games at Allegiant Stadium in Jan 2023 against only when single biz during the previous January.

Three major conventions inwards Las Vegas also returned to nearly replete(p) strength for the foremost time since the pandemic. CES brought 115,000 attendees to the consumer electronics showcase, World of Concrete counted 75,000 patrons, and the SHOT (Shooting, Hunting, and Outdoor Trade) Show reported attending of to a greater extent than 52,000 manufacture professionals.

The swop shows returned to the Las Vegas Convention Center inward Jan with often higher anticipated attendance this twelvemonth compared to last-place year,” commented Michael Lawton, the senior economic analyst for the Sagebrush State Gaming Control Board (NGCB).

The Las Vegas Convention and Visitors Authority (LVCVA) said January 2023’s visitor count was nigh 3.27 jillion people. While that’s 4% shy of January 2019, Jan 2023 was 32% better than last-place year.

Northern Nevada wasn’t dealt such a strong hand, as uncollectible brave was cited for a 13% year-over-year revenue deprivation in Washoe County. The marketplace rest home to Reno reported GGR of $74.3 million.

Casinos inwards Elko County, home to Wendover, won more than $32.7 meg — a 3% premium. South Lake Tahoe revenue climbed nigh 2% to $17.4 zillion and Carson Valley 8% to $10.1 million.

Cooldown Ahead

Lawton curbed a bit of the 2023 send-off enthusiasm past noting that January and February submit the topper comparables this year, import inwards the months ahead, the year-over-year percentages mightiness contract.

“January and Feb of 2022 stand for the softest comparisons the Strip testament live veneer for the breathe of the year,” Lawton explained.

The Strip, of course, is the to the highest degree of import market place to the overall wellness of the Battle Born State gaming industry.

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