Nevada Revenue Keeps Growing in April
Gambling revenue of Nevada once again confirms that the local gambling industry keeps recovering despite ongoing challenges. According to the report for April, the gambling capital of the USA saw a 2.7% year-on-year revenue increase.
The result in April was $1.16 billion. The casinos of Nevada didn’t exceed March’s figure, which was $1.31 billion. The logical reason for the decrease is seasonal trends. Overall, the state’s gambling sector remains healthy.
As for the recent figures observed through particular sectors, slot machine revenues were traditionally the main contribution to market’s total statistics in April ($837.9 million). The year-on-year increase was 4.2%, while table, counter, and card game revenues faced a 0.8% drop with April’s result of $321.8 million. Blackjack remained the most popular game. The following ones were baccarat, craps and roulette.
Nevada’s sports betting sector showed a much better performance in April with $32.4 million generated. However, the 27.6% yearly increase is primarily due to the state’s ongoing efforts to attract various leagues and a stacked sports calendar. Basketball wagering became a leader with a total revenue of $15.2 million, while football brought a $4.9 million loss for operators.
One of the reasons for the total gambling revenue to be on the rise again is that Nevada’s biggest operators have chosen the way of business diversification. They hope to attract visitors with a wide range of entertainment options that supplement traditional gambling activities.
April’s slight year-on-year revenue increase is a logical result of the significant resilience Nevada casinos were showing during the pandemic. According to Michael Lawton, Nevada Gaming Control Board senior analyst, the initial post-pandemic frenzy has mostly subsided, but this booster was enough for operators to get back on their feet.
In other news, AGA CEO expects the Asia-Pacific gaming industry to mirror US success.