Nevada Casino Revenues Top $1B Again in Record April Results
Casino revenues in Nevada hit $1.159 billion in April, up 2.77% on April 2022.
Figures from the Nevada Gaming Control Board’s latest monthly release showed the best April ever for the state’s casinos. It also marks 26 months in a row that the Silver State’s casinos have taken in more than $1 billion in revenue.
The previous longest string of billion-dollar months was eight, set between October 2006 and May 2007.
Strip Slows Decline
Significantly more than half of the state’s April casino revenues came from Las Vegas Strip venues in Clark County, coming in at $624 million.
Strip operators have slowed down the decline in revenues they posted in March.
They are still down overall on last month, but up 7.94% in April 2022’s figure.
The precipitous decline of 40% in baccarat takings at Strip casinos in March, for example, slowed to 11% across April. Baccarat is traditionally a favorite of Chinese and other Asian gamblers, who have yet to return to Las Vegas casinos in the same numbers as before the pandemic.
Other casino games saw an increase in popularity and takings over April. Craps tables, for example, brought in $27 million in April for a 17% increase on last year.
Slot machines still accounted for the lion’s share of the revenues for Las Vegas casinos at $370 million. That’s up 5.26% on last April.
Related: Our guide to the best online casinos in Nevada, today
Clark County on Top
Outside of the Las Vegas Strip, Washoe County casinos (covering the city of Reno) gained second place in the April revenues charts with $87 million.
Clark County’s Boulder City and Downtown Las Vegas casinos brought in $76 million and $74 million over the month, respectively.
When including the Strip’s casinos, Clark County accounted for $995 million in revenues. That’s about 85% of Nevada’s total for the month.
Las Vegas’ visitor numbers haven’t been released by the city’s Convention and Visitors Bureau yet. But official documents from Harry Reid International Airport reveal 4.8 million passengers traveled through the airport during the month. That’s up 12.8% on last April, but it represents a slower year-on-year growth than in the previous months of 2023.
Mobile First
Despite Nevada’s longer history of legal sports betting than most states, its bettors have still enthusiastically adopted mobile betting.
Mobile operators dominated the sports betting revenue charts for the month, and with good growth as well. They brought in $18.57 million collectively, up 76% on last April. In terms of the overall handle, about 66% of April’s sports bets were placed on mobile.
The figures also suggest that some Nevada bettors were profiting big on parlay wagers throughout the month. The state’s sports betting operators lost $106K to parlay bets in April, meaning a -108% win percentage on that market for the month.
Overall, revenues for sports betting were around $32.4 million for the month. That represents a 5.4% hold on the overall $598 million handle.
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