The latest report from the Nevada Gaming Control Board (NGCB) is here, and despite all signs of slowing momentum, record temperatures and fears of recession, Nevada’s gaming revenue figures for July set records yet again, most notably with a new high of $1.4 billion in statewide revenue.
That number represents a 6.7 percent year-over-year increase and a 3.3 percent increase from the previous record of $1.35 billion back in July 2021. This was of course spurred by the Las Vegas Strip, which set a new all-time best for gaming win at $834.9 million.
“This month’s record amounts were driven by slot win. Although it wasn’t an all-time record, it was the third highest total all-time for the state and the second highest total for the Strip,” said Michael Lawton, senior economic analyst with the NGCB, per CDC Gaming Reports.
“The baccarat totals led to the second highest game- and table-win totals all-time for the state and the Strip. The events calendar, coupled with the timing of the Fourth of July holiday, contributed to these results as well.”
Overall, July marked 29 consecutive months of $1 billion-plus for statewide revenues.
Slow win came in at a cool $890.8 million, the third-highest total ever, as noted by Lawton. Total coin-in was $12.5 billion, a 3.1 percent increase year-over-year.
Not to be outdone, table, card and counter games posted a win of $513.1 million, second-highest figure ever, behind only February of 2013. Game hold was 17.6 percent, which, if you exclude April of 2020 for pandemic reasons, is the highest total since October of 1987.
Two notable jumps came from baccarat and locals casinos—according to figures from Deutsche Bank, those two segments posted year-over-year increases of 40 percent and 6.1 percent, respectively.
July saw a total of $193.3 million in baccarat win, the sixth-highest total ever. Hold percentage skyrocketed from 16.56 percent last year to 23.52 percent this year, which is the highest such mark since June 2003.
On the sports betting side, state sportsbooks reported a win of $25.3 million, a massive 55.7 percent year-over-year increase, with the hold percentage jumping from 3.87 percent a year ago to 6.19 percent this year.
Mobile handle came in at $268.1 million, which accounted for just over 65 percent of total wagers.
