Here’s How Much Money Nevada Casinos Made Last Month
Nevada casinos made a total of $1.27 billion from gambling winnings in January 2024, a step back from the numbers a month prior.
Casinos across the state shattered records with a whopping $1.43 billion in winnings back in December. The month of January, which was sandwiched between significant openings like Fontainebleau Las Vegas and the Super Bowl, was technically a month-over-month decrease.
Reportedly, that’s because of a decrease in earnings made by casinos on the Las Vegas Strip. They made $686.2 million in winnings in January — far below the record-shattering $905.4 million that they raked in during the month of December 2023.
One economic analyst told KLAS News that January 2024 represented the first decrease since June of last year, ending a streak of six consecutive monthly increases.
Although casinos on the Las Vegas Strip itself saw a decrease, there were other wins for the local gaming economy. For example, gaming still boomed in downtown Las Vegas, the Boulder Strip, and at some of the best Las Vegas hotels off the Strip.
Reportedly, these other Nevada casinos set a record with $169.3 million in earnings.
The news wasn’t all bad for casinos. For example, earnings were up 0.51% year-over-year when compared to January 2023. It’s just the Las Vegas Strip that saw a decline of 3.79% from last year.
With all of that in mind, the local gaming industry is expecting to see a major boom in February because of Super Bowl LVIII. Because of the boost to the local economy, local casinos are expected to rake in a number above $1 billion for the last 36 consecutive months.
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