The Nevada on line casino gaming trade noticed $1.29 billion in income in October, in response to the state’s Gaming Management Board, a drop of two.2% in comparison with $1.31 billion for a similar month in 2023.
The statewide drop comes after the Las Vegas Strip additionally noticed a income lower in September. That downward motion has now carried over to all the state. For the fiscal yr (July 1 via Oct.r 31), income has decreased 2.5% statewide.
A giant a part of the general drop got here from desk video games, which noticed $353.9 million in income – down 15.8%. Slot machine income offset {that a} bit, rising 4.2% to $932.3 million in comparison with October 2023.
Clark County, house to Las Vegas, noticed related tendencies with desk recreation income dropping 15.2% from final October to $334.6 million this yr. However slot income grew 4.8% to $778.2 million. The Strip noticed a significant desk recreation drop as properly, falling 3.1% general. Desk recreation income fell 14.5% to $263.7 million with slot income up 5.5% to $428.3 million.
Downtown Las Vegas additionally struggled, seeing an general income drop of 11% to $86.8 million in comparison with final October’s $97.5 million. North Las Vegas was additionally down 3.8% to $22.5 million and Laughlin noticed a 6.8% lower to $44.3 million. Total, it was a troublesome month for Clark County.
What might have prompted the downward tendencies? A significant drop in high-stakes baccarat numbers affected September income and which will have carried over to October. Maybe Individuals had been additionally extra centered on the election than reserving a Vegas getaway. Financial considerations might have additionally performed a task as inflation stays a priority for a lot of Individuals.
Different components of the state noticed related outcomes. Reno income was down 3.1% to $68.2 million and North Lake Tahoe fell 5.4% to $1.8 million. South Lake Tahoe proved to be one of many shiny spots within the state, surging 18.7% to $20.8 million.
