Nevada’s overall gaming win for June of almost $1.28 billion was a slight decrease from May but a substantial increase from June of 2021.
However, the increase in the state’s total revenues was mainly attributable to wagering on the Las Vegs Strip while “locals” markets were flat or down in same-month, year-over-year comparisons.
Sports betting handle was also down in June compared to May and compared to June 2021, but the corresponding drop in sports betting revenues was not nearly as dramatic as in some other sports gambling jurisdictions around the country.
The overall state gaming win in June of $1.28 billion was down just 1.5% from May but up more than 8% from the same month a year ago ($1.18 billion).
Nevada has now hit the billion-dollar mark in total gaming revenue for 16 straight months, according to figures from the Nevada Gaming Control Board .
The June gaming win totals were bolstered mainly by the Strip, where the gaming win in June was $734.8 million, an increase of more than $3 million over May ($731.5 million).
Downtown Vegas casinos reported an overall decrease from the previous month and from the same month in 2021. For June, downtown’s total gaming win was about $70 million compared to about $79 million in May, a decrease of more than 11%. June was also down compared to the same month in 2021 (also about $79 million).
North Las Vegas and the Boulder Strip, two of the Greater Las Vegas areas that the Nevada Gaming Control Board breaks out in its monthly revenue reports, saw deceases of 8.31% and 11.86%, respectively, from the same month a year ago.
Decreases in Nevada gaming markets that cater to local residents compared to the revenue performance of the Strip, which attracts fly-in and drive-in (mainly Southern California) tourists, could indicate that “convenience gambling” might be more impacted by the larger economic picture and inflation.There are no online gambling sites in Nevada but the state does have internet poker. June $490.559M $329.629M $23.835M May $562.001M $397.772M $26.999M Change Down 12.7% Down 17.1% Down 11.7% In Nevada sports wagering, the June handle of $490.56 million […]
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