The Nevada Gaming Control Board (NGCB) reported that June 2024 casino revenue from slot machines, table games, and sports betting reached $1.28 billion, marking a 3% increase compared to the same period last year.
For the 2024 fiscal year, spanning from July 1, 2023, to June 30, 2024, statewide gross gaming revenue (GGR) achieved a record $15.76 billion, a 4% rise year-on-year.
The Las Vegas Strip contributed significantly to this performance, recording an all-time high GGR of nearly $9.1 billion, a 6% increase from the previous fiscal year. Slot machine revenue remained stable at $4.8 billion, while table games and sportsbook earnings surged by over 13%, reaching $4.24 billion.
The introduction of the Las Vegas Grand Prix, a Formula One event held on the Strip in November, attracted affluent visitors, boosting casino revenues during that period. The NGCB also noted that June was the 40th consecutive month in which GGR exceeded $1 billion in the state.
Despite a slight 2% decline in slot win, table games and sports betting revenues climbed 13% from June 2023, totaling $463.5 million. Notably, the state’s sportsbooks saw a significant increase in winnings, more than doubling to $29.8 million compared to June 2023, driven by strong performances in craps and baccarat.
Clark County, including Las Vegas, as well as areas like Downtown Las Vegas, Boulder, and Mesquite, reported gains in June GGR. Conversely, Reno and Washoe County saw a decline of over 7% in gaming revenue, but this was offset by gains in other regions.
Harry Reid International Airport reported serving over 5 million passengers in June, the highest number ever recorded for the month and the third-best in the airport’s history.
This year, Las Vegas has experienced a 3% increase in air traffic, with nearly 28.9 million passengers passing through the airport in the first half of 2024. The growth has been largely driven by a 20% increase in international travelers, while domestic travel saw a modest rise of less than 2%.
Las Vegas continues to evolve as a major sports and entertainment destination, with new attractions like The Sphere drawing large crowds. The Las Vegas Convention and Visitors Authority (LVCVA) reported a 1.8% increase in visitation for June, despite a nearly 8% drop in convention attendance compared to the same month last year. The average daily room rate also rose by 6.4% to $175.64, despite a slight decrease in hotel occupancy to 85.2%.
Original article: https://www.yogonet.com/international/noticias/2024/08/01/73935-nevada-posts-record-157b-gaming-revenue-in-fy24-strong-june-performance
