Nevada Sept. revenue tops $1b again, mobile sports bets surge

Posted: Oct 31, 2022 13:24 Category: Americas , Casino , Sportsbetting , Posted by Sharon Singleton

Nevada gambling revenue rose 8 percent year-on-year in September to $1.24 billion, with mobile sports betting showing the largest percentage increase. 

Mobile sports betting win rose by almost 67 percent to $27.7 million, while the win from football was up 42 percent to $51.6 million. 

It’s the 19th straight month that Nevada’s betting revenue has exceeded the $1 billion mark as the state rebounds from Covid.

Slots revenue took in the lion’s share of the month’s revenue, rising nearly 10 percent to $858 million. Card games win rose by 3.5 percent to $390.7 million, with Ultim Texas Hold’em showing the biggest increase.  

The Las Vegas Strip generated win of $693 million, up 8.2 percent from a year earlier. 

Over the past 12 months, Nevada’s casinos and sports betting industry generated win of $14.7 billion, up 22.5 percent. Slot machines accounted for $9.8 billion, a gain of 18.4 percent, while card games generated $4.8 billion, up 31 percent. 

Nevada’s casinos reopened fully in June 2021 after the Covid pandemic and revenue swiftly recovered as the casinos reported strong pent-up demand. Tourism and MICE business was slower to return, though it is now in full swing.

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