Nevada casinos saw $1.3 billion in July gaming revenue, according to the Nevada Gaming Control Board (NGCB) which marks the first decrease in year-over-year gaming revenue since March.
However, July 2023’s $1.4 billion in gaming revenue was the second highest monthly win in state history, so armchair analysts may want to hold off on any panic.
Despite the year-over-year dip, month-to-month Nevada gaming revenues grew slightly in July, up from $1.28 billion in June.
With an unfavourable calendar, with two fewer weekend days this July, and a notable decline in baccarat win were the main factors holding back last month’s revenues.
As usual, Clark County and the Vegas Strip led gaming revenue in July. Clark County collected $1.11 billion in gaming revenue. Vegas Strip casinos accounted for $709 million of that – a 15% drop compared to last year.
The highlight for southern Nevada in this latest report was the “Balance of County.” This includes the Las Vegas suburbs where Durango casino is now included in gaming revenue reports from the NGCB. Thanks to the additional casino, this sector saw 19% more revenue for a total of $171 million in July.
Gaming revenue in downtown Vegas casinos saw a revenue increase of 9.9% to $71 million.
