Nevada casinos continued their winning shipway inward October, as the nation gaming manufacture surpassed $1 one million million inward gross gaming revenue (GGR) for an eighth consecutive month.

Statewide GGR totaled to a greater extent than $1.22 billion, which represented a 48.5 percent surge on Oct 2020. The October 2021 hale also easy bested pre-pandemic Oct 2019 by almost 20 percent. That’s when the state’s to a greater extent than 320 gaming locations collectively won just over $1 billion.

Strong demand crossways markets, the continued rebound of leisure time travel, and the coming back of special events and amusement continued to propel gaming win past 2019 levels, which are at present 9.2 percent to a higher place calendar twelvemonth to date stamp 2019,” explained Michael Lawton, senior explore psychoanalyst for the NV Gaming Control Board.

“This month specifically had a really good calendar of events. Additionally, the month of October benefited from having v weekends compared to foursome in 2019,” Lawton added.

Las Vegas and Silver State are tonic for the potentiality impact that power come with the Omicron coronavirus strain. Health experts around the humankind are scrambling to discover the harshness of COVID-19’s a la mode(p) mutation.

Roaring ’20s

Nevada’s warm Oct was naturally led past its to the highest degree vital securities industry — Kenneth Bancroft Clark County. Las Vegas’ rest home accounted for $1.05 1000000000000 of the revenue, with just about $702.1 zillion beingness generated on the Strip. Joe Clark County has now eclipsed the $1 billion Deutsche Mark inwards Little Phoebe of the previous 6 months.

Las Vegas Strip casinos experient a year-over-year gaming revenue leap of almost 87 percent. Table games were responsible for(p) for the robust play, twenty-one GGR totaling $91.9 meg — 33 percent than the $69.1 jillion XXI won inward October of 2019.

GGR from all tables on the Strip totaled $333.9 million, which is more than $100 trillion best than Oct 2019.

One cassino executive after another told the country that extraordinary pent-up demand inward the aftermath of the to the highest degree restrictive years of the COVID-19 pandemic would outcome inwards a surge of tourism and gaming. Their forecasts make been realized in to the highest degree gaming markets in the United States.

And as a result, Las Vegas casinos are capable to complaint premium rates for their to a greater extent than 145,300 resort hotel hotel rooms. Data supplied by the Las Vegas Convention and Visitors Bureau (LVCVA) reveals that the medium way on the Strip inwards October went for $185. That’s up $20 per dark from September and $73 per night from Oct 2020.

The Strip’s October 2021 middling room grade of $185 is also 26 percent costlier than what the same occupancies went for in Oct 2019.

Big Bets, Small Hold

October 2021 was an exceptional geological period for sports bettors, who wagered a put down $1.1 1000000000 on games. Football, both NFL and college, accounted for the bulk of it at $728.6 million.

The house, however, fared poorly on the record book action. Oddsmakers reported a sustain — aka win value — of just 4.1 percent. That equates to revenue of roughly $48.3 million.

Nevada is just the secondment body politic in the history of the United States to take inward more than $1 1000000000 inwards legal sports bets in a single month. New Jersey, which is today the richest sports betting state, was the first to reach the historic exploit inwards both Sep and Oct of 2021.

Lawton said that the firstly flavor of the Las Vegas Raiders playing in Southern Nevada with fans inward the team’s Allegiant Stadium is leading to increased wagering. The province researcher said the grip is higher when the Raiders run at rest home than when away.