Nevada Gaming Revenue Sets February Record, Casino Win Tops $1.3B

Nevada gaming revenue reached young highs inwards Feb as the Super Bowl, Chinese New Year, and bonus twenty-four hours because of the jump twelvemonth combined to create an unforgettable month.

The Sagebrush State Gaming Control Board (NGCB) revealed Thursday that the state’s casinos grossed to a greater extent than $1.34 billion on their gaming floors inward Feb 2024. It marked the best Feb of all time and the fifth-best month boilers suit for Nevada’s gaming interests.

It was a pretty incredible month, and if in that location were 31 days we mightiness experience localise an all-time register for gross gaming revenue,” said Michael Lawton, the NGCB’s senior economic analyst.

February marked an 8.5% year-over-year increment from 2023. The month extended Nevada’s streak of winning at least $1 one million million to 36 sequentially months.

February also marked a major rebound after January’s GGR was knock down almost 4% yr over year. January’s struggles were blamed on some travelers delaying their plans until February to coincide with the Super Bowl being played inwards Las Vegas for the world-class time, and the Chinese New Year falling in Feb instead of January, as it did inwards 2023.

The eight-day People’s Republic holiday officially ran from February 10-17. Las Vegas hosted Super Bowl LVIII on Feb 11.

Felt Fortunes

Unlike the United States market, Chinese players fancy tabularize games more than slots. The NGCB’s Feb account demonstrated that, as statewide tabularize gamey revenue surged past to a greater extent than 24% patch one-armed bandit win was upwardly less than 1%.

On the Las Vegas Strip, table gamey GGR was up yet more. Tables on the main drop behind reported GGR of $419.7 million, a more than 30% year-over-year premium.

Baccarat, the mettlesome of select among the Asian clientele, skyrocketed 82% to $180.5 million. Baccarat outpaced blackjack, which won $107.8 million, a 21% improvement.

The Strip’s slots reported a 2.4% year-over-year GGR decline. Luck was to blame, as the casinos’ win place tumbled from o'er 8% in Feb 2023 to 7.7% last month. Craps win was up 33% to $34.4 meg while toothed wheel players missed $24.4 million, a 28% year-over-year diminution as the roll more preferent the participant than it did a twelvemonth ago.

Oddsmakers on the Strip fared fountainhead despite Super Bowl LVIII not exactly existence a super outcome for the books. Strip sports betting win was $24.7 million, a 10% step-up from the prior February.

The Kansas River City Chiefs’ 25-22 overtime win against the San Francisco 49ers generated a record palm of $185.6 million inwards Nevada. Oddsmakers statewide kept just now $6.8 million of the sue as the public backed the Chiefs, and the legion of unexampled NFL fans brought to the game past President Taylor Jonathan Swift cheered on her boyfriend, Travis Kelce.

In all, Strip GGR totaled $800.7 million, upward over 12%. Downtown Las Vegas casinos won $76.2 million, upward 3%.

Visitor Surge

The Las Vegas Convention and Visitors Authority (LVCVA) revealed inwards its Feb Executive Summary that Southern Nevada’s hosting of the NFL big mettlesome and the Chinese New Year delivered increased tourism. Thomas More than 3.37 meg people ventured to Las Vegas, Laughlin, and Mesquite utmost month, which marked a 9.5% year-over-year climb.

Those visitors were met with practically higher every night room rates. Strip casinos elevated their rooms onwards of the Super Bowl and the week-long Chinese New Year period. That resulted in an norm nightly way on the Strip costing almost $270 before taxes and resort hotel fees.

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