Nevada's gross gaming revenue set a new record for January, reaching $1.28 billion

The Nevada Gaming Control Board (NGCB) has released the financial results for the state's gaming market for January 2024. The total gross gaming revenue reached a record-breaking $1.28 billion, marking a 0.5% increase compared to the same month last year.
January 2024 not only set a new high but also marked the 35th consecutive month in which Nevada has generated at least $1 billion in revenue. However, the growth was primarily driven by regions outside the Las Vegas Strip. For instance, Douglas County saw a 5% increase to $18.2 million, while Clark County experienced an 11% rise to $169.3 million. Washoe County reported a remarkable 36% increase, bringing its gross revenue to $86.5 million.
In contrast, the Las Vegas Strip reported a 3.8% decline in total gross revenue for January 2024, totaling $686.1 million. The primary factor behind this overall drop was a 15% decrease in gross revenue from table games, with only baccarat showing growth, up 7%.
Gross revenue from slot machines on the Strip increased by 3% to $400.7 million. The sports betting sector also showed improvement, generating $28.5 million—an increase of 35% compared to the previous year.
Michael Lawton, senior economic analyst at the NGCB, identified two key reasons for the decline in the Las Vegas Strip's performance. First, the Super Bowl took place on February 11 at Allegiant Stadium, leading many tourists to postpone their trips to Las Vegas, originally planned for January, to attend the game. Second, the Chinese New Year, which fell in February, also impacted the Strip's performance in January.
Notably, licensed live streams of online casinos are set to debut on Twitch in the United States.