Nevada Casino Gaming Win Rises 2.1 Percent in July with Las Vegas Strip Up 3.6 Percent on Table Game Strength

Nevada casinos opened the fiscal year with a modest statewide gain in gaming revenue. The state’s 453 casinos won $1.4 billion in July, a 2.1% increase. The Las Vegas Strip outperformed with a 3.6% gain to $776.3 million, while Clark County advanced 1.5% to $1.2 billion.

Strong Table Game Volumes Boost Strip Results

Strip properties benefited from elevated table play. J.P. Morgan analyst Daniel Politzer reported slot handle rose 4.8% year over year while table drop climbed 24%. Baccarat volumes surged 43%; excluding baccarat, table volume still rose 15%. Politzer noted July table drop was the highest, likely tied to a strong entertainment calendar in a month that is usually soft for tables.

Regional Disparities Evident Across Nevada

Results varied by market. North Las Vegas rose 3.4% to $25.4 million. Laughlin edged up 0.1% to $41 million. Mesquite fell 0.5% to $15.1 million. Downtown Las Vegas dropped 8.6% to $68.5 million, the Boulder Strip declined 2.5% to $82.6 million, and the balance of Clark County decreased 1.2% to $164 million.

Northern Nevada posted the largest percentage gains. Wendover increased 15.1% to $24.4 million, Elko County rose 13.5% to $36.8 million, and outlying areas gained 10.3% to $12.4 million. Sparks advanced 9.5% to $17.2 million, Reno rose 1% to $76.8 million, and the rest of Washoe County climbed 11.8% to $8.8 million. Carson Valley gained 1.1% to $12.5 million while North Lake Tahoe fell 5.6% to $2.9 million.

Nevada collected $98.5 million in taxes based on July activity, a 3.4% or $3.3 million increase from $95.2 million the prior year. As reported by CDC Gaming, the figures show uneven performance shaped by location and game mix.

Reporting: CDC Gaming

Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.