Nevada gaming operators earn $1.28bn in May revenue

Las Vegas Strip
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Nevada gaming operators have achieved another month of over $1bn in revenue, but figures were almost flat compared to the previous year.

The Nevada Gaming Control Board has reported a May revenue of $1.28bn, a 0.84 per cent decrease year-over-year (May 2022: $1.3bn), but up compared to April’s $1.16bn.

Casino operations on the Las Vegas Strip also declined compared to the previous year, falling by 2.12 per cent YoY to $715.9m (2022: $731.5m).

Per segment, slot machines revenue improved slightly YoY in May, but table, counter and card games income dropped by almost five per cent.

Slot revenue rose by 0.9 per cent YoY to $877.9m (2022: $870.1m), with the top slot being Multi Denomination with $501.3m, a 16.41 per cent increase (2022: $430.7m). One cent slots followed with $285.9m, down 12.32 per cent (2022: $326.1m).

Besides Multi Denomination, all other slot machine types saw their revenues decline compared to the previous year, with 100 Dollars falling the most by 30.5 per cent to $1.7m (2022: $2.4m).

Table, counter and card games generated revenue of $411.2m in May, down 4.37 per cent YoY (2022: $430m), with the top performing game being Baccarat with $133.8m, down 0.47 per cent (2022: $134.4m). Blackjack followed with $104.8m, a 2.69 per cent decrease (2022: $107.7m).

Mini-Baccarat underwent the biggest decline YoY in terms of revenue, falling by 31.92 per cent to $5.44m (2022: $7.99m).

May’s sports betting revenue increased by 11.35 per cent YoY to $30.1m (2022: $27m).

For the month, the state of Nevada collected $84.3m in taxes, down 1.69 per cent compared to the previous year (2022: $85.7m).