Nevada Sets New Gambling Revenue Record in 2023

In 2023, gambling revenue in Nevada soared to a record high of $15.52 billion, surpassing the previous annual record by 4.6%. This figure comfortably exceeded the existing Nevada record of $14.84 billion, which was set in 2022.

Land-based slots were the primary source of revenue for the year, generating $10.28 billion, marking a 2.8% increase from the previous year. Of the slot revenue, $5.97 billion came from multi-denomination games, while penny slots drew $3.15 billion.

In terms of table, counter, and card games revenue, which also includes sports betting, the total reached $5.24 billion, marking an 8.5% increase from 2022. Baccarat stood out with $1.49 billion in revenue, marking a 28.2% increase year-on-year. Additionally, blackjack revenue increased by 0.8%, reaching $1.33 billion, while craps revenue increased by 4.6% to $467.5 million and roulette revenue increased by 1.8% to $460.3 million.

Mobile sports betting revenue reached $240.7 million, contributing to the overall sports pool revenue of $481.3 million for 2023. Contributions from football, basketball, baseball, hockey, parlay cards, and other wagering were $157.9 million, $133.5 million, $93.2 million, $19.0 million, $8.5 million, and $69.3 million, respectively.

In December alone, revenue amounted to $1.43 billion, marking a 9.0% increase from December 2022 and a 4.4% increase from November 2023. Slot machine revenue increased by 6.9% to $858.0 million, with multi-denomination slots leading the way with $559.6 million. Table, counter, and card games revenue climbed 12.5% to $574.6 million. Baccarat generated $221.6 million in revenue, blackjack drew $113.4 million, and craps brought in $46.7 million. Additionally, sports pool revenue reached $59.1 million, with football betting contributing the highest proportion at $37.3 million for the month.

The Nevada Gaming Control Board reported these figures, highlighting the state’s thriving gambling industry.

By admin