Conor Porter is an iGaming and gambling industry journalist covering global casino and sports betting markets. His reporting focuses on industry news, regulation and commercial developments shaping the sector.
Read Full BioNevada 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).
