LAS VEGAS (KLAS) — Casinos took a document $1.46 billion from gamblers in December, a knockout punch that ended a five-month streak of decrease gaming wins in Nevada.
The Las Vegas Strip posted its second-highest win ever, bringing in additional than $881.2 million. The Strip accounted for simply over 60% of the statewide gaming win, based on figures launched Thursday by the Nevada Gaming Management Board (NGCB).
Michael Lawton, NGCB senior analyst, pointed to Nevada’s statewide whole win of $15.6 billion for all of 2024, an all-time document. It’s the fourth consecutive yr that the state has posted a document, he mentioned.
It’s a turnabout from earlier this month, when November’s win got here in decrease — the fifth consecutive decline stretching again to July.
“There is not any structural softness that we are seeing. The declines we have been recording recently are due primarily to difficult baccarat comparisons that were driven by hold,” Lawton mentioned. “The last six months, gaming win is down $158.3 million or 2.0% and it is entirely due to baccarat which is down 30.7% or $291.7 million during that period due to lower hold.”
Right here’s a take a look at among the totals that contributed to December’s document:
Statewide: $1,461,092,483
Las Vegas Strip: $881,254,710
Clark County whole: $1,288,158,549
Steadiness of Clark County (contains off-Strip and neighborhood casinos): $161,107,408
Partner offer
Boulder Strip: $87,815,319
Downtown: $82,262,819
Reno: $65,822,120
Laughlin: $34,475,876
Lawton mentioned calendar-year totals confirmed all-time data for Clark County, downtown, Mesquite, Steadiness of Clark County and the Carson Valley.
Final yr, openings at Fontainebleau Las Vegas and Durango On line casino & Resort fueled the document. However December isn’t all the time the month that brings the very best win for casinos.
“The top 12 months all-time are fairly random, three Decembers, three Novembers, three in July, one March, one February and one October,” Lawton mentioned. “There are so many variables to consider what a month might deliver which include the number of weekend days, types of entertainment, conventions attendance and of course if baccarat has a lucky month you can throw all that out the window.”
LAST MONTH: Casinos battle to match 2023 tempo regardless of Las Vegas Strip’s Seventh-biggest win in November
This time, slot machines made the distinction. “Slots increased $123.3 million or 14.4% which offset the decreases recorded in games including baccarat and sports wagering. The month did benefit from collections timing that had slot revenue roll into from the last weekend of November,” Lawton mentioned.
Partner offer
Planning a trip to Vegas?
Compare hotel rates and show tickets on VEGAS.com.
