Nevada Gaming Revenue Slowly Rises in April

Gaming continued to rise in the state of Nevada in April when compared to last year, although revenues dropped 11.5% from March's totals.

Revenues for the month were $1.13 billion, up 2.7% from 2022, but down from the $1.31 billion generated in March.

As usual, slot machine revenues were the biggest-earner, raking in $837.9 million, up 4.2%. Penny slots generated $275.9 million, while multiple denomination slots generated $464.5 million. Table game and sportsbetting revenues were down 0.8% to $321.8 million. Here, blackjack was the biggest-earner, raking in $94.9 million. Baccarat was next at $44.1 million, while craps was third with $40.6 million in revenue. Roulette generated $34.3 million.

Sportsbetting revenues were up 27.6% to $32.4 million. Basketball generated $15.2 million in revenues, with baseball in second at $9.1 million. Hockey betting revenues were $3.3 million, while other sports combined for $9.9 million in revenues. Football betting generated a loss of $4.9 million for books, and parlay cards generated a $106,000 loss.

The Las Vegas Strip had revenues of $624.7 million, and Clark County as a whole (which includes Las Vegas) had $995 million in revenues.

Nevada's gambling scene has rebounded nicely since being forced to close during the Covid-19 pandemic. Visitor rates are up to pre-pandemic levels, and spend numbers are at that point as well.