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Nevada gambling revenue edges up year-on-year in April


Gambling revenue in Nevada increased 2.7% year-on-year in April to $1.16bn, but the state also reported an 11.5% month-on-month decline.

Revenue was higher than $1.13bn in April 2022 but down from the $1.31bn posted in March of this year.

Slots were again by far the primary source of revenue for the state, generating $837.9m for the month, up 4.2% year-on-year. This included $464.5m from multi-denomination slots and $275.9m from penny slot games.

However, revenue from table, counter and card games, including sports betting activity, fell 0.8% to $321.8m.

Blackjack generated the most revenue in this area at $94.9m, ahead of baccarat on $44.1m, craps with $40.6m and roulette at $34.3m.

Turning to sports betting, revenue for this segment hit $32.4m, an increase of 27.6% from $25.4m in April last year.

Basketball betting drew $15.2m in revenue, baseball $9.1m and hockey $3.3m, while other sports wagers generated $9.9m. In contrast, football betting resulted in a $4.9m loss for operators and parlay cards a $106,000 loss.

Revenue from Clark County, which includes Las Vegas, reached $995.0m, with revenue from the Las Vegas Strip at $624.7m for the month.