Nevada casinos extended their streak of monthly billion-dollar revenues to two years, reporting earnings of $1.23 billion in February

The gross gaming revenue (GGR) for Nevada's gambling sector exceeded $1.23 billion in February, marking the 24th consecutive month that the state has generated at least $1 billion in revenue. This streak surpasses the previous record of eight consecutive months set between October 2006 and May 2007.
Michael Lawton, a senior economic analyst for the Nevada Gaming Control Board, described this level of revenue as the new norm for the world's richest gaming jurisdiction. He stated, "I think after 24 consecutive months, we can confidently say that this is the case." February's GGR was 11% higher than in the same month in 2022 and 22% above the $1.01 billion earned in February 2019.
Clark County, home to Las Vegas, has been the most profitable region in Nevada for ten consecutive months and has topped the charts 17 times in the past two years. In February 2023, the local revenue reached $1.07 billion, nearly 14% higher than the previous year. The "Sin City" accounted for approximately $712.5 million of that total, which is nearly 19% more than a year ago.
Lawton noted that many are now wondering if the Las Vegas Strip alone can surpass the $1 billion mark. The Strip came closest to this goal in December, when the GGR exceeded $814.1 million.
Record results are also reported by Harry Reid International Airport, Las Vegas's primary commercial aviation hub. In February, passenger traffic increased by 25% compared to the same month last year. The number of international flights more than doubled, largely due to the reopening of borders with China. Additionally, the airport served 3.9 million domestic passengers in February, a 22.5% increase from the same period last year.
Meanwhile, Caesars Entertainment and Century Casinos continue to see strong demand despite macroeconomic challenges, according to Macquarie.