Nevada’s gaming win increased by more than 12% year-on-year in November 2023, due in part to the Formula One’s Las Vegas Grand Prix. According to the Nevada Gaming Control Board, the state’s establishments made $1.37bn in gaming revenue in November.

The Formula One race, which took place from November 16-18, attracted over 100,000 motorsport fans to the city, contributing to the 12.6% year-on-year increase in gaming revenue. This growth in November was significantly higher than in previous months, with a 5.6% increase in gaming revenue over the most recent three-month period. Over the last 12 months, Nevada’s total gaming win has increased by 4.9% to $15.4bn.

Table games were the largest contributor to Nevada’s gaming revenue in November. While still smaller than slots, table games win grew by 44.5% to $505.5m, while slots win dropped slightly to $868.8m. Baccarat saw the most significant growth, increasing by over 200% year-on-year to $181.4m. Within Clark County, which includes Las Vegas, total win increased by 14.3% to $1.21bn, with the Las Vegas Strip itself seeing a 22.6% rise in win to $821.0m during the month.

Mobile sports betting win increased by 5.4% year-on-year to $21.2m in November, with betting on basketball producing a 22.5% increase in win to $11.8m. However, NFL betting was down by 23.3% to $17.6m. The state of Nevada collected $85.4m in percentage fees during the month, representing a 9.49% increase compared to the same period in 2022 when percentage fee collections were $78.0m.

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