Nevada gaming operators post June revenues of $1.25bn

Las Vegas
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While Nevada gaming operators achieved another month of revenues over $1bn in June, figures declined once again in comparison to last year.

Data from the Nevada Gaming Control Board revealed that the state’s operators earned $1.25bn in June revenue, down 2.44 per cent year-over-year (June 2022: $1.27bn) and a slight decrease when compared to May’s $1.28bn.

Las Vegas Strip casino operations also continued to see a decline YoY, falling by 1.01 per cent to $727.3m (2022: $734.8m). However, this figure was an improvement on the previous month’s $715.9m.

Per segment, neither slot machines, table games nor sports betting underwent revenue growth compared to the previous year, with sportsbooks undergoing the biggest decrease following the Vegas Golden Knights’ Stanley Cup victory in the NHL.

Slot revenue fell slightly by 0.31 per cent to $836.2m (2022: $838.8m). Multi Denomination was the top-performing slot and the only slot type to see an increase in revenue YoY, rising by 12.87 per cent to $486.2m (2022: $430.8m).

One Cent slots fell the most when compared to the previous year, falling by 15.49 per cent to $255.2m (2022: $302m), followed by 25 Cent dropping by 14.73 per cent YoY to $17.2m (2022: $20.2m) and Five Dollars decreasing by 13.73 per cent to $6m (2022: $6.9m).

Table, counter and card games revenue for June came in at $409.6m, down 6.53 per cent YoY (2022: $438.3m). 

Blackjack was the top-performing game during the month with $104m in revenue, up 16.01 per cent (2022: $89.6m), followed closely by Baccarat with $100.5m, down 29.8 per cent (2022: $143.2m).

Ultimate Texas Hold’em underwent the biggest increase in revenue compared to the previous year, rising by 29.32 per cent to $18.1m (2022: $14m).

June’s sports betting dropped by 60.13 per cent YoY to $9.5m (2022: $23.8m), including a 227.6 per cent decrease in hockey revenue to negative $6.6m (2022: $5.2m) after the Golden Knights won the Stanley Cup.

For the month, the state of Nevada collected $78.6m in taxes, up 1.45 per cent compared to the previous year (2022: $77.4m).