Nevada’s April Gambling Revenues Hit Record for the Month 

Nevada’s gambling revenues for April are in, and it was a record month once again for casinos and sports betting operators across the Silver State. 

New April record revenues of $1.24 billion were reported for the month, according to the latest data from the Nevada Gaming Control Board. Year-to-year, that’s up 6.9% on April 2023. 

However, after nine months of solid growth, revenues are no longer growing month-to-month. April’s $1.24 billion is down 3.9% on March’s $1.29 billion, and that itself was also down on the bumper revenues in February

Las Vegas Strip revenue was up 6.62% on April 2023, hitting $666 million for the month. This was mostly driven by the continued surge in high-level baccarat play, which shows no signs of slowing down. 

All of this gambling activity translated to $70 million in taxes collected across the month for Nevada’s public funds. 

Detailed Breakdown

The biggest revenue driver for April was, as usual, the giant casino resorts of the Las Vegas Strip.

Slots still held the lion’s share of revenues at $409 million for the month, a 5% increase year-on-year. But table games, largely thanks to a massive 80% increase in baccarat revenue, are catching up.

Casino table games on the Las Vegas Strip totaled $256 million for the month of April. That’s a 9.15% increase on April of last year. 

However, Downtown Las Vegas also saw significant gains against last April. The area’s gambling venues made $82.78 million for the month, compared to $74 million in April last year. 

The casino town of Laughlin, which saw significant growth in March, slowed down in April, with revenues falling nearly 7% year-on-year. 

Outside of Clark County, most areas also saw some small year-on-year declines. Casinos in Reno and Sparks both made less money than last April, but North Lake Tahoe bucked the trend. The area’s gambling revenues were up 15% compared to April last year. 

Visitation and Looking Forward

April is traditionally not the strongest for gaming revenue in Las Vegas and wider Nevada. A second month of falling revenues is concerning. But a record for the month of April will offset that worry slightly. 

Separately, the Las Vegas Convention and Vistors Authority said that overall visitation to Sin City was strong in April. 

More than 3.5 million people visited Las Vegas throughout the month. Room occupancy reached 85% for the month, up 1% on last year. That’s despite some 4,000 rooms being added over that time, including new accommodations at the Fontainebleau Las Vegas and Durango Casino Resort. 

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