Nevada’s Gambling Revenues Down Again In November 


Gambling business operators in Nevada reported $1.316 billion in gaming revenues in November 2024, according to the latest monthly data release from the Nevada Gaming Control Board.

That number is down 4.1% on November 2023’s revenues. While that is slightly up on September’s $1.316 billion total, it still represents the second month of declining year-on-year revenues for Nevada’s casinos and sportsbooks. 

Meaningful comparisons are difficult to make. That’s because the industry was expecting lower revenues in November 2024 after a record November 2023, the latter’s impressive total due to the debut of the Las Vegas Grand Prix. 

For example, Las Vegas Strip gambling revenues fell to $788 million, which is down 3.9% compared to November 2023. But that still made for the seventh-highest monthly total on record. 

For the month’s gambling activity, the Silver State’s taxman took $87.171 million for state coffers. That’s actually up on the $85 million total tax bill for the previous November. 

Area Breakdown 

As usual, the large luxury casino resorts of the Las Vegas Strip dominated the revenue numbers for the month.

Although overall gambling win was down 3.91% to $788 million, it was still almost 10x that of its nearest competitors in downtown Las Vegas. The downtown area north of the Las Vegas Strip saw its revenues fall less severely. Casinos in the area saw gaming win drop 2.69% year-on-year to $79 million. 

The biggest fall-off of the month was for the Boulder Strip in Las Vegas. Revenues at the east-side Sin City casinos were down 20.57%, compared to November 2023 sitting at $66 million. 

The less-attended 2024 Las Vegas Grand Prix would be an obvious reason for this. In 2023, most rooms at popular Las Vegas Strip hotels were booked months in advance for the inaugural event, leading visitors to head further afield for accommodations. That demand was simply not the same for the second edition of the race. 

There were some areas of growth, however. The Clark County town of Mesquite saw its revenues grow 8.78% to $16 million. 

Outside of Clark County and Las Vegas, Reno and South Lake Tahoe casinos both saw significant fall-offs in gambling win. The former’s revenues fell 10.45%, and the latter 20.3%. Casinos in Reno are seeing increased competition from the highly popular and profitable California tribal casinos across state lines. 

State of Play

In terms of games, slots were still the biggest gambling revenue driver for Nevada’s casinos. But all types of slots saw the casinos’ winnings fall. In total, Nevada’s casinos made $810 million from slots in November 2024, which was down 6.7% year-on-year. 

Baccarat also saw a precipitous decline. That can almost entirely be put on the drop-off in the number of high limit gambling international jet setters who came into town for the 2023 race. 

Interestingly, Texas Hold ‘em poker revenues were up some 34.75%, compared to November last year. Probably because many poker playing locals stayed away from the casinos before and during the Grand Prix weekend in 2023.

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