Tuesday, December 6, 2022

Nevada posts 1 3bn gaming revenue for May 2022

Nevada has posted $1.3bn in gaming revenue for May 2022, a 6% increase from the same month last year. This is the 14th month in a row that Nevada has reached $1bn in revenue.

Unsurprisingly it was Clark County, the home of Las Vegas, which made the bulk of this revenue. The reborn gaming capital of the world took $1.12bn for May 2022, which was 7% higher than what it managed in May 2021. 

The Las Vegas Strip has seen ever-increasing figures year-over-year, with revenue rising 12% to $731.5m.  

However, despite the success of Las Vegas, its surrounding areas have not seen such similar joy. North Las Vegas has seen revenue drop 5% year-on-year, taking just $25.4m this May. 

Laughlin, too, has seen revenue dip by 3%, taking $46.7m for May 2022. 

This paints a larger picture, one in which Las Vegas’ tourism figures have risen post-pandemic, while local gaming has fallen into a slump.

All in all, local markets recorded revenue 2% lower than that achieved in May 2021, a time when Las Vegas was still struggling to grapple with the consequences of the Covid-19 pandemic. 

Aside from Las Vegas and its surrounding areas, Nevada’s other gaming regions have also suffered.  

Most notably, South Lake Tahoe saw revenue plummet 14% year-on-year as it took just $17.5m for May 2022. 

Elsewhere, in another formality, slots were the highest source of Nevada’s revenue, making $391m across the Silver State.  

All game types saw revenue increase, though, most notably baccarat which generated $131.5m in May 2022, a 24% increase from the same period last year. 

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