Nevada casinos statewide reported taking in a record USD 1.36 billion last month, easily passing the previous record of USD 1.23 billion set in May 2021. That win revenue it’s up almost 80% compared to July 2020, when the take was USD 756.77 million. Of the total USD 1.36 billion, USD 873.7 million wwew contributed by slot games; USDS 452.9 million, by table games (including online poker), and USD 33.3 million, by sports betting.
Casinos on the Las Vegas Strip posted a win of USD 793.67 million last month, more than double the USD 330 million they won in July 2020. That’s also up from June this year, when resorts on the Strip won about USD 610.6 million. In all, Nevada collected USD 97.7 million in percentage fees based on the taxable revenue generated in July, triple the amount collected from the same month a year ago. This is an important part of the USD 8.7 billion state budget for the next two years. Casino taxes make up about 17.4% of the state budget, second only to sales taxes.
Some of the main reasons for these amazing income results were the month having five weekends, the opening of the big Resorts World Las Vegas complex, the return of several Cirque du Soleil shows and headline concerts, and an unusual jump in baccarat play by international guests. All of that was on top of the return of leisure travelers and consumers, with more money to spend.
The recovery of the gaming sector in the United States has been remarkable. These Nevada indicators reinforce that positive trend, recently reflected by the American Gaming Association (AGA), when it noted that the U.S. commercial gaming revenue reached USD 13.6 billion in Q2 2021, marking a new industry record.