The Nevada Gaming Management Board launched monetary figures for the state’s on line casino business final week and reported complete gaming income of $1.32 billion for November 2024, a 4.2% lower in comparison with the identical month in 2023 when income reached $1.37 billion.
This marked the second-straight month of declining income. For the fiscal 12 months (July 1, 2024 by Nov. 30, 2024), gaming win has decreased 2.85%.
A sagging Clark County, house to Las Vegas, performed a serious function within the state’s total income decline. The county noticed income of $1.16 billion, a drop of 4.2% from November 2023. The Las Vegas Strip noticed a income lower of three.9% to $787.7 million, down from $820.9 million in 2023.
Each slots and desk video games suffered declines. Slot machine income stood at $399.7 million, down 2.7%. Desk video games dropped 5.1% to $389 million. Downtown Las Vegas didn’t endure fairly the identical loss because the Strip, dropping simply 2.7% to $79 million in comparison with $81.2 million in November 2023.
Different components of Clark County suffered even larger losses. Laughlin fell 15.5% to $34.1 million. The Boulder Strip noticed a 20.1% income decline to $66.2 million. There have been additionally a few vibrant spots. Mesquite noticed income climb 8.8% to $16.5 million and North Las Vegas was up 6.1% to $34.1 million.
The remainder of the state was a combined bag. Reno declined 10.5% to $52 million from $58 million in 2023. North Lake Tahoe noticed income improve of 8.9% to $1.8 million. Reno noticed income slide 10.5% to $52 million from $58 million in November 2023. South Lake Tahoe additionally noticed a large drop of 20.3% to $14.4 million.
Management Board senior financial analyst Michael Lawton reported that whereas the 2023 F1 Las Vegas Grand Prix introduced many guests to city, the 2024 occasion didn’t appeal to as many individuals this 12 months. The month ending on a Saturday additionally meant totals from Nov. 30 had been reported for December as a substitute.
“It appears our numbers in Southern Nevada had been decrease as anticipated, contemplating attendance at Formulation 1 wasn’t as giant because the earlier 12 months,” he stated. “We had been going through a troublesome comparability, as final November was the third-highest win complete in state historical past. Nevertheless, if we weren’t negatively impacted by slot income timing, the state would have recorded a rise year-over-year.”
The Las Vegas Conference and Guests Authority (LVCVA) additionally reported that conference attendance was off by 8%. The state collected $87.2 million in gaming charges primarily based upon taxable revenues from November 2024, a 1.5% improve.
