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At this point, Nevada casinos not clearing at least $1 billion in gaming revenue in a month’s time would be more remarkable. Physical casinos in the Silver State are on a roll of reaching that hallmark every month for a full year and a half.
While the coming months might see somewhat of a downturn as fall routines take the place of summer frivolities, even that might not be enough to end this trend. Recent history suggests it would be unwise to bet against these casinos.
Nevada casinos keep up the pace in August
The Nevada Gaming Control Board released its licensee gaming revenue numbers report for August 2022 this week. From all gambling channels, Nevada’s casinos collected over $1.2 billion in win. It’s the 18th consecutive month that revenue has topped $1 billion.
That’s somewhat of a month-over-month downturn, as July 2022’s hold totaled more than $1.3 billion. It’s still an increase of 3.5% from August 2021, however. Furthermore, August 2022’s $1.2 billion in revenue is up over a quarter compared to the amount the state’s casinos won in August of 2019.
As is typically the case, slots powered August’s performance. Casinos in Nevada claimed over $847 million or about 70.5% of the total on slot play in August 2022. August’s strong performance keeps the state’s casinos in line to not only keep up their pace but also set a new record.
Could September push the billion-dollar streak to 19 months?
September has recently been a good month for Nevada casinos. From 2015 through 2019, September failed to improve upon August’s revenue figures only once, and even in that instance, the decline was negligible. Following are the month-over-month changes from August to September during that time period.
- 2019: 9%
- 2018: 8%
- 2017: -0.9%
- 2016: 9.3%
- 2015: 0.9%
Should 2022 prove to be another case of September outperforming its predecessor, not only will Nevada casinos keep their streak alive but 2022 could prove to be the best year ever for Nevada casinos in of gaming revenue.
