The gambling venues of Nevada, including the giant casino resorts of the Las Vegas Strip, reported total gaming revenues of $1.286 billion in June 2024. That’s according to the latest monthly data release from state gambling regulator the Nevada Gaming Control Board.
That total is a 3.26% increase on June 2023’s numbers, setting a new revenue record for the month. However, it is down 2.57% on May 2024’s total. That brings to an end a revival of month-on-month growth in 2024, after April and May saw consecutive growth.
Before that, a record February meant March and April’s numbers were down on the previous months. Nevertheless, June’s $1.286 billion haul continues a strong calendar 2024 for the Silver State gambling business. It marks the 40th month in a row of $1 billion plus revenues.
Nevada’s tax authorities collected $66,929,725 from gambling operators based on June’s revenues. That’s 20% down on last July.
Area Breakdown
As usual, the biggest driver of gambling revenues in the state was Clark County, home to the Las Vegas Strip. The County made $1.19 billion out of the state’s $1.286 billion total.
Out of the gambling venues in the county, those in the Las Vegas Strip took in $755 million in gambling revenue. That was up 4.29% compared to June of last year. Second-best was the Downtown Las Vegas area, which pulled in $66 million for the month. That was up 5.85% year-on-year.
Outside of Las Vegas, June was a poor month for casinos in Washoe County, which includes the North Lake Tahoe area and the cities of Sparks and Reno. The total gambling revenue for the county was $87 million, down 7.60% compared to June 2023.
Game Changes
In terms of games, casinos took in the most from slot machine players at $823 million. Baccarat was the second-most profitable at $138.6 million in revenues for casinos.
Three card poker saw the biggest fall-off, with 16.76% less revenues year-on-year. That was probably because almost all poker fans in Nevada were concentrated at the record-breaking World Series of Poker 2024, which started in the middle of the month at the Horseshoe and Paris Las Vegas casinos.
The biggest change of the state’s monthly stats was for sports betting revenues. Nevada’s sports betting operators showed June revenues of $29.8 million in revenue from a $481 million handle.
That total spend from sports bettors was down 6.6% from May’s numbers. However, operators’ win was up a cool 216% on last June – principally because the Florida Panthers won the NHL’s Stanley Cup, and not the Las Vegas Knights, whose underdog victory last year hammered Nevada sportsbooks.
David is an online casino expert who specializes in online slots and boasts over 10 years experience writing about iGaming. He has written for a wide range of notable publications, including eSports Insider and WordPlay Magazine.
David graduated Derby University with a BA Degree in English Literature and Creative Writing.
