Nevada GGR up 11% year-on-year for February 2023 at $1.24bn


Updated:2024-03-30 08:49    Views:128


February 2023 marks the 24th consecutive month that gaming revenue has topped the $1bn mark. 

Revenue for February represented an 11% rise year-on-year, with $1.24bn generated for the month.  

The biggest annual rate of growth came from the Las Vegas Strip, with $712.5m in generated revenue representing a 19% increase from the prior-year period. 

Slots reigned supreme in Vegas’ casinos, generating $390.4m of The Strip’s total GGR for February, up 16% year-on-year. 

Table game revenue was not too far off the pace either, with $322m generated, up 23% on the prior-year period.  

Baccarat generated the most from any table game; $99m was made in total, a yearly increase of 60%.  

Other Las Vegas local markets made a combined $232.9m,casino games representing 4% growth year-on-year.  

The biggest losses felt in Nevada came from the Carson Valley Area, where revenue fell 12% year-on-year. Other areas of loss include Reno, where total GGR fell 10%, while an 8% decline was seen in Washoe County overall. 

The Nevada Gaming Control Board’s Senior Economic Analyst Michael Lawton believed that lower revenue results in these areas of Northern Nevada were a result of poor winter weather conditions. 

He said: “Absolutely weather impacted Northern Nevada results in February. The timing of the storms impacted nearly every weekend during February.” 

Elsewhere, Nevada’s sportsbook operations continued to grow, with $41.3m generated for February, an increase of 33%.

This sports betting revenue increase came despite a 16% drop in handle to $659.4m.