Nevada gaming revenue fell 1.65% year on year to $1.29bn in March, according to data from the Nevada Gaming Control Board. Revenue for the fiscal year to 31 March 2024 rose 4.44% to $11.9bn, while the state collected $86.5m in gaming taxes for the month, down 11.22%.
Operators can compare March results with the state’s fiscal-year growth and assess the decline in tax receipts.
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Nevada gaming revenue rose 12% in March to $1.43bn, reportedly driven by slot-machine revenue reaching its highest level since December 2024.
US online betting handle fell about 3% year on year in March, while gross gaming revenue increased as hold rates approached 9.6%, according to an industry tracker compiled by Stifel analysts. The tracker also reported online casino revenue growth of around 20% year on year in February; analysts noted that state reporting differences limit comparisons.
Nevada gambling revenue fell 7% in January to $1.35 billion, reportedly, amid a sharp decline in baccarat revenue.
Nevada’s Gaming Control Board reported that 186 sportsbooks handled $133.8 million in Super Bowl wagers, down from $151.6 million a year earlier and the lowest total in 10 years. Unaudited figures showed sportsbooks won $9.8 million, a 7.4% hold. Sportsbook executives cited prediction markets among several possible factors; Nevada regulators separately sought to stop Coinbase’s prediction-market products, and a federal judge issued a temporary 14-day restraining order.
Nevada casinos with at least $1m in gaming revenue recorded $2.6bn in net income on $31.5bn in total revenue in FY2024, according to the Nevada Gaming Control Board’s annual abstract. Las Vegas Strip operators reported $820.2m in net income, down 40.4%, while Strip revenue rose 6.8% to $21.8bn.