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Nevada gambling revenue hits $1.28bn in record-breaking January

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Gambling revenue in Nevada edged up 0.8% year-on-year to $1.28bn (£1.01bn/€1.18bn) in January, the highest total on record for the opening month of the year.

Revenue was marginally higher than $1.27bn in January 2023 but 10.5% behind December’s $1.43bn haul.

Slots accounted for $885.9m of revenue in January, up 1.3% from last year. Some $567.2m of this came from multi-denomination slots, while penny slots drew $231.1m in revenue.

Table and card games decline hits Nevada

In contrast to this growth, table, counter and card games revenue dcelined 7.5% to $393.5m in January. 

Blackjack was the primary source of revenue here, despite an 18.2% decline to $98.3m. Craps revenue slipped 19.4% to $32.0m and roulette 40.7% to $27.4m.

Baccarat was only one of four areas within this segment to post growth, with revenue up 8.0% to $98.0m. Pai Gow poker revenue jumped 125.5% to $11.2m, while “card games” revenue climbed 0.5% to $13.2m for the month.

American football betting drives sports wagering growth

Sports betting is reported as part of the growth, table, counter and card games. Incidentally, it was the only other area to report growth during January.

For the month, sports pool revenue was 28.4% higher at $64.7m. Of this total, $30.1m came from mobile betting in Nevada.

Wagering on American football generated $38.5m in revenue as the NFL season neared its conclusion. Nevada’s gambling haven of Las Vegas played host to the NFL’s end-of-season showpiece Super Bowl event in early February.

Elsewhere, basketball betting revenue reached $18.4m and hockey revenue $3.1m. Parlay cards only drew $173,000 and other sports £5.7m, while baseball betting resulted in a $1.0m loss.

Las Vegas Strip revenue down in January

Focusing on the famous Las Vegas Strip, revenue was 3.8% lower year-on-year at $686.2m. 

Slot machine revenue on the Strip edged up 3.1% to $400.8m. However, revenue from table, counter and card games declined 12.1% to $285.4m. 

In terms of sports betting, Strip revenue from sports pool wagering hiked 35.4% to $28.5m.

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