Nevada casinos broke gaming revenue records throughout the month of April and crossed the $1 billion mark for the 14th consecutive month. [Image: Shutterstock.com]
great month
More gaming revenue records have been broken in Nevada. According to a report by the Nevada Gaming Control Board on Thursday, casinos in the Las Vegas Strip, Clark County and Nevada as a whole had all-time high gaming revenue figures for the month of April.
Total revenue for this month was $1.128 billion
April also falls on 14The tenth For a month in a row, Nevada’s total gaming revenue has crossed the $1 billion mark. Total revenue for the month was $1.128 billion, which is an 8.6% increase year over year, which is 20.5% larger than the pre-pandemic numbers in April 2019. It was a very strong start to the year in Nevada. Total gaming revenue for the first four months of the year is 28.4% larger than the same period in 2021.
Clark County makes up the vast majority of gaming revenue each month, accounting for $960.5 million in April. The Las Vegas segment, located in Clark County, reported revenue of $593.5 million, which is approximately 23% more than the April 2021 figures. However, the downtown Las Vegas numbers were down 11.4% year-over-year. The Boulder and North Las Vegas segment also saw declines. Mesquite and Laughlin counties saw increases year over year.
Visitor numbers are on the rise
Collapse gaming revenue figuresSlots account for $804.1 million in total gaming revenue statewide. Board games brought in $324 million in earnings, while Baccarat’s earned nearly $52 million. Sports betting revenue totaled $25.4 million, down 7% year over year. However, total betting volume for the month was $582.6 million, a 27% increase over April 2021. Online sports betting continued its dominance in Nevada, accounting for 73% of all sports betting in April.
Las Vegas is recovering vigorously from the struggles associated with the pandemic
Las Vegas appears to be rebounding vigorously from the struggles associated with the pandemic. International visitor numbers are on the rise and will continue to boost gaming revenue figures and the hospitality sector as a whole according to analysts. In April, international visitor numbers were at their highest since before the pandemic. The majority of flights resumed non-stop. One major exception is the non-stop flights between Beijing and Las Vegas.
Special events lent a helping hand
Some of the drivers behind the April records were from social events held in Nevada during the month. This included the likes of the NFL Draft, four completely sold-out concerts by Korean band BTS at Allegiant Stadium, the National Association of Broadcasters Conference, and the reopening of the Palms Casino Resort.
April 2022 saw an extra weekend compared to April 2021, affecting overall revenue numbers.
However, one analyst noted that the impact of the NFL draft was not as much as initially expected. The NFL expected more than 600,000 fans to attend the event. However, the final attendance was reported to be less than half that. Games industry analyst Carlo Santarelli also noted that those who attended did not seem to have much inclination to gamble. He also stated that room rates on the Las Vegas Strip on Thursday of the draft (the first of three days) were low.
