The Nevada Gaming Control Board has announced the gaming numbers from the month of February, and it was a record-setting month for the state. Nevada is no stranger to putting up some eye-popping handle and revenue numbers, but February 2024 was the busiest month of all-time.
There were a number of big events that took place in Nevada during the month of February, and that clearly helped boost the numbers. This was the first time in NFL history that the Super Bowl was in Las Vegas, and that brought a record number of tourists.
Gross revenue for the month of February was $1.34 billion, and that showed growth from the $1.24 billion that was brought in during February 2023. There was also significant growth from the January totals, and that was done even though there were fewer days.
Even though Nevada is not going to see a huge influx of visitors with big events, there is a chance that this record is going to fall at some point in 2024. Table games and sports betting helped put up massive numbers in February, and that was a big reason that a record was set.
Big Numbers From the Strip
The revenue report from the NGCB always breaks down where that money comes from, and a large chunk of this money comes from The Strip every single month. That was the case in February as the properties on the strip in Las Vegas accounted for over $800 million.
Revenue from slots on the strip actually decreased last month, and that’s very rare when looking at the overall numbers. That dip was saved by the revenue from table games as it went up more than 30%.
Downtown Las Vegas posted over $76.2 million in February, and that was a slight increase from the $74.2 million that was brought in a year ago. As expected, Clark County accounted for $1.2 billion of the total revenue, and that’s what usually happens each month.
Even though a good chunk of the revenue comes from online sites, those are still attributed to the casino properties that they are attached to. The casinos in Lake Tahoe and Reno didn’t make a huge dent in the total revenue numbers, but those casinos are actually seeing some growth.
Sports Betting on the Rise
Nevada is not like many of the other states that have legalized sports betting throughout the country. A majority of the sports betting in Nevada is done in person, while it’s typically done online in other states.
The total sports betting revenue for the month of February checked in at $47.9 million. That was a 16% increase from the first month of the year, but that still wasn’t a massive total.
Despite having the Super Bowl during the month of February, football sports betting revenue was just $12 million. A big reason for that was the fact that the Chiefs were able to win the Super Bowl again as the betting favorite.
