Striptease: Las Vegas is already revving up for an F1 race in November 2023—and Super Bowl LVIII in 2024.Nevada casinos collected $1.28 billion in gambling revenue in October, according to a report released by the Nevada Gaming Control Board, marking the 20th consecutive month of more than $1 billion in revenue. The October 2022 gaming win rose 4.8% over last year and jumped nearly 20% over prepandemic levels in October 2019.
The Las Vegas Strip has been on a roll for the last ten months. Year-to-date revenue from Strip casinos is up 31.1% compared to October 2019. But growth in October slowed a bit compared with the same month last year. Casino revenues hit a total of $705.8 million, a 0.5% increase over October 2021. In September 2022, Las Vegas casino revenue climbed 8.3% from September 2021.
Brendan Bussmann, the managing partner of B Global, a consulting firm focused on gaming and hospitality, says The Strip’s growth dipped a bit, but half a percentage point of growth, in light of the economic headwinds, is a good sign. Gambling jurisdictions outside of Las Vegas drove most of the state’s growth last month. Every market excluding the Strip grew revenue by a combined total of 10.6% over the same time last year—the largest increase for these markets since February 2022. The local and regional markets are now on a three-month-record streak after weathering a four-month downturn.
They are playing with Crypto money.
Where is the recession?
From $13.4 million to $12.3 billion?
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