The future definitely looks bright for Nevada casinos after the state’s gambling industry posted a record eighth month of $1B+ in revenue.
It marks the ninth consecutive month with at least 10-figures worth of gross gambling revenue, which broke the eight-month record set between October 2006 and May 2007. November nearly set two records as the $1.32 billion was just shy of the $1.36 billion single-month record set in July.
The streak started in March with $1.06 billion in revenue. It was the first time the Nevada market touched the $1 billion mark since the pandemic began and came as the government began easing capacity restrictions and let casinos reopen following the forced shutdown a year earlier.
November’s numbers represent an increase from October’s $1.22 billion and a 71% jump year-over-year.
3.39 million tourists visited Sin City during October, only 7.6% down from the same month in 2019. A fantastic recovery.
Nevada sportsbooks also brought in more than $1bn to casino coffers during the month, marking yet another new record. September’s $786.5 million was also a new record, indicating that following the 2018 federal reversal on the sports betting ban, the industry is ready to propel to new heights as the pandemic ends.