Nevada operators have seen a narrow year-over-year drop in March revenue, with casinos on the Las Vegas Strip undergoing a slight decline.
Data from the Nevada Gaming Control Board highlighted that statewide gaming revenue fell by 1.65 per cent in comparison to the previous year to $1.29bn (March 2023: $1.31bn).
For the fiscal year to date – July 1, 2023, to March 31, 2024 – revenue in the Silver State has improved by 4.44 per cent YoY to $11.9bn (2023: $11.4bn).
On the Strip, casino operations declined by 1.2 per cent YoY during March to $715.9m (2023: $724.6m), but have increased by 6.51 per cent YoY for the fiscal year to $6.89bn (2023: $6.47bn).
Per vertical, the NGCB noted that slot machine and sports betting revenue decreased year-over-year, but improvements were seen in the table, counter and card games segment.
Slot machine revenue during the month fell by 3.53 per cent in comparison to the previous year to $874.5m, with multi denomination and one cent slots earning $573.7m and $220.3m in revenue respectively.
Table, counter and card games revenue rose by 2.54 per cent YoY to $415.9m, with blackjack and baccarat drawing revenues of $108.8m and $114.7m respectively.
Revenue from sports betting dropped by 32.13 per cent in comparison to the same period last year to $29.8m.
The state collected $86.5m in taxes for the month, down 11.22 per cent in comparison to the same period the previous year (2023: $97.4m).
