Nevada reports $1.4bn record gaming revenue for July – with F1 Grand Prix coming soon

Updated:2024-03-20 09:13    Views:157

Nevada has posted its gaming revenue for July 2023, showing that it made a state record $1.4bn – a rise of 7% annually.

The increase in overall revenue in Nevada is reflected almost unanimously in the regions that comprise the Silver State, with the famous Las Vegas Strip seeing an 8% increase year-on-year, representing a total sum of $834.9m

The Strip is the biggest contributor to Clark County’s overall revenue, with the wider County recording $1.21bn for July 2023 – an 8% rise annually. Clark County is significantly the largest county for gambling in Nevada, with the largest percentage rises seen in Laughlin – which amassed $46.9m in revenue, a 9% growth year-on-year.

Additionally, Boulder Strip also recorded a 9% rise in July revenue, totalling $79.4m against July 2022’s figure of $72.7m.

The graph below shows the Las Vegas Strip’s revenue in July 2022 & 2023, alongside Clark County’s overall revenue for the same period.

Nevada’s record month comes ahead of the Formula One Grand Prix race in the US gambling hub, which will take place later this year – giving Las Vegas the potential to push revenue figures even higher for November (when the race takes place on Sunday 19).

Meanwhile,Casino games Washoe County recorded a 6% rise on the $94.8m it posted in July 2022, totalling $100.6m forJuly 2023.

Breaking down Washoe County, its largest rises came from Sparks, which saw a 20% increase in revenue – with its overall sum standing at $17.2m. North Lake Tahoe also saw a solid annual rise of 14%, totalling $3.2m against July 2022’s $2.8m.

Despite the increases seen in most places, South Lake Tahoe fell by 3% to $30.9m, while Elko County also fell by 3%, now recording a sum of $34.9m. Finally, the Carson Valley Area recorded the third 3% loss of Nevada’s report, with its revenue sitting at $11.4m for July 2023.

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