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.
What’s the revenue after Lake Mead taps out of water?
Numbers sound off
Yet our public education is last in the US. Not sure that the great Las Vegas experiment is working. But the outdoor recreation is still stellar so go nature.
$13.4 million? You sure that’s right?
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