The Silver State achieved a new peak in monthly gaming earnings in the seventh month of the year – Finance – iGB

Nevada’s gambling income hit a record-breaking $1.4 billion (€1.3 billion/£1.1 billion) in July, fueled by a strong showing on the Las Vegas Strip during that period.

Home > Finance > Nevada sets a new monthly gambling revenue record in July

Nevada’s gambling income reached an all-time high in July.
Data released by the Nevada Gaming Control Board revealed that total revenue from casinos and sports wagering in July was up 6.7% compared to July 2022. Nevada’s gambling industry has now surpassed $1 billion in gambling income for 29 consecutive months.

The figures were driven primarily by the state’s second-highest monthly table game revenue, which reached $513.1 million. This represents an increase of over 7% year-over-year.

Income on the Las Vegas Strip reached nearly $834.9 million, up 7.9% from the same period in 2022 and up 14.8% from June’s $727.3 million.

July’s revenue established a new record for the Las Vegas Strip, exceeding the previous record of $792.6 million set in July 2021.

Nevada sports betting operators reported revenue of $25.3 million, up 55.7% from July 2022. Mobile and online betting accounted for 65.7% of all sports betting in the month.

For the initial seven months of 2023, sports betting activity was down 7.7%, while revenue was down 13.3% over the same period.

Gambling income for the first seven months of 2023 was up 4.1% year-over-year, putting the state on track to surpass last year’s record total revenue of $14.8 billion.

The Silver State garnered $95.8 million in percentage levies on taxable income during that month.

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