Nevada’s casinos experienced a revenue boom to start the new year.
According to numbers from the Nevada Gaming Control Board, Silver State casinos won $1.44 billion in January. That’s an increase of 12.5% over the same month in 2024 when revenue stood at $1.28 billion.
For the fiscal year, which started July 1, 2024, revenue has increased 0.03%. Clark County, home to Las Vegas, was one of the biggest drivers and Vegas Strip revenue bounced back after dropping in December.
Clark County as a whole saw revenue of $1.27 billion, up 1.26% from last January. The Strip surged 22.5% to $840.1 million from $688.1 million for the same month in 2023. Slot machines saw revenue of $424.4 million on the Strip, an increase of 5.9%.
Table games produced $415.6 million, up 18.9%. Baccarat was a major driver of that and rose 12.1% to $214.3 million. The game regularly sees more well-heeled gamblers and revenues can often rise and fall with how these players fare at the tables.
“With that limited footprint the game is not played by masses at every casino in the state,” NGCB senior economic analyst Michael Lawton said. “Instead it is played by a limited number of customers who are allowed to wager six-figure amounts per hand.
“This creates the volatility in year-over-year comparisons due to the fact that it is impossible to determine which players will arrive in a given month and how lucky or unlucky the game will play January’s baccarat win amount is the fourth highest total all-time. Baccarat’s hold percentage was 26.47% versus 16.13% last year.”
Other parts of the county saw mixed results. Downtown Las Vegas dropped 2.3% to $83.8 million. Laughlin also declined 5% to $42.2 million and the Boulder Strip fell 6.2% to $87.4 million. However, North Las Vegas was up 5.4% to $22.8 million and Mesquite saw revenue rise 9.7% to $17.4 million.
Other parts of the state saw mostly positive growth. Reno revenue increased 2.5% to $67.1 million and Sparks was up 3.3% to $13.6 million. South Lake Tahoe grew 22.4% to $22.3 million. North Lake Tahoe was one of the few negative spots with a drop of 11.2% to $2 million.
