Las Vegas Strip Casino Revenue Slows, Follows 2024 National Trend
In January 2024, Las Vegas Strip casinos experienced their world-class monthly revenue declination since June 2023. But Silver State casinos elsewhere made upward the difference to still post a put on to boot cancelled the young year.
The Silver State Gaming Control Board (NGCB) reported Th that Strip casinos won $686.1 zillion in January, a 3.8% year-over-year drop.
Table games were to blame, as revenue gaming revenue (GGR) from the matte strike down 15% from January 2023. Blackjack, craps, and line roulette all reported double-digit year-over-year losses.
Baccarat was a uncommon increase, with win from the mettlesome pop with Asian players up past 7%. Strip expansion slot machines reported a 3% uptick inwards GGR to $400.7 million, but those gains weren’t sufficiency to bridge deck the tabular array struggles.
The Strip’s Jan GGR falloff followed a trend experienced across much of the U.S. January brick-and-mortar gambling casino declines were matte up inward New Jersey, Pennsylvania, New York, Mississippi, Louisiana, Indiana, Michigan, and Maryland, among others.
Along with slots, sports betting shoemaker's last month was a shiny recognise for the Strip. Oddsmakers along S. Las Vegas Blvd. won $28.5 jillion to step-up their make by 35% from a twelvemonth ago.
January Record
Though the most of import gaming securities industry inwards the reality saw win slow up in January, Reno and locals’ casinos inwards Clark County surrounding Las Vegas and elsewhere inwards the commonwealth managed to propel Nevada’s gaming industry to a Jan record.
Downtown Las Vegas casinos won around 1% to a greater extent money, taking inward $85.7 million. Laughlin GGR climbed 4% to $44.4 million, and Mesquite gaming was up 0.5% to $15.8 million.
The equilibrise of William Clark County, encompassing rural casinos the like the freshly opened Durango, saw casino win upsurge nearly 11% to $169.3 million. Stephen A. Douglas County win climbed 5% to $18.2 million.
Presumably linked to better endure inward January, casinos in Washoe County, home to Reno, grew GGR by 36% to $86.5 million.
When all of the state’s metered gaming markets were added up, January 2024 GGR came in simply shy of $1.28 billion. That represented a 0.5% premium on January 2023 and marks a new in high spirits for the foremost month of the year.
January 2024 also maintained Nevada’s run of winning at least $1 1000000000000 from gamblers. The consort has now extended to 35 months, with the endure month that GGR was less than 10 digits coming plunk for during the COVID-19 pandemic.
February Forecast
The Strip’s Jan cooldown, some marketplace observers believe, could hold been due to some travelers delaying their post-December holiday locomote plans from Jan to February. That was done to be inward town when the Super Bowl made its debut in Las Vegas.
Allegiant Stadium, rest home of the NFL Las Vegas Raiders, hosted Super Bowl LVIII on Sunday, February 11.
January 2023 represented a really hard comparison, as the Strip was up 25.7% over January 2022. Furthermore, it would follow a safe supposal that after an super participating Nov and December, customers deferred trips from Jan to Feb for the Super Bowl,” explained Michael Lawton, the senior economical psychoanalyst at the Sagebrush State Gaming Control Board.
Lawton also cited the fact that the Chinese New Year strike down inwards February this year, which potential further impacted the Strip’s January showing.
Harry Thomas Reid International Airport reported reduced rider numbers in January. Las Vegas’ primary quill broadcast hub facilitated 4.34 trillion arriving and departing passengers, a nearly 1% decline.
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