In the western American state of Nevada and aggregated gaming revenues for October reportedly surpassed the $1 billion mark for the eight consecutive month as the state’s vital tourism, events and travel markets all saw business return to pre-pandemic levels.
According to a Tuesday report from the Associated Press news service published by the Las Vegas Sun newspaper, the record-equalling run of slightly over $1.22 billion represented a rise of about 6% when compared to the $1.15 billion recorded for September with venues in Clark County accounting for approximately 86.5% of the total at about $1.05 billion.
The news service cited official figures from the Nevada Gaming Control Board in explaining that the October result equated to a swell of 48.54% year-on-year while casinos located along the Las Vegas Strip saw their aggregated monthly gaming revenues increase by a similarly-optimistic 86.88% to hit roughly $702.18 million. This was purportedly joined by a boost of 43.95% for downtown Las Vegas venues to $76.03 million and a spike of 18.64% for gambling-friendly facilities situated to the north of the city to almost $22.91 million.
The Associated Press reported that these figures came as McCarran International Airport recorded just shy of 4.2 million passengers for October, which made the month the busiest for the giant facility since the start of the coronavirus pandemic in March of 2020. Similarly positive and the Las Vegas Convention and Visitors Authority purportedly tallied nearly 3.4 million visitors over the course of the 31-day period as almost 82% of the region’s more than 150,000 hotel rooms were occupied.
The news service reported that Nevada last saw its casino win reach this level in the months before the Great Recession of 2007 with the most recent statewide tally moreover standing some 19.5% better than for the pre-pandemic October of 2019. Michael Lawton from the Nevada Gaming Control Board purportedly declared that the result was due to strong demand across multiple markets, a rebound in leisure travel and the return of special events and entertainment.
Lawton reportedly went further in additionally disclosing that part of Nevada’s most recent success was down to the fact that October had featured five weekends compared with only four last year. He purportedly finished by divulging that the state would likely reap in the region of $71.8 million in tax revenues as a result with the current aggregated annual gaming revenues figure on track to finish the year some 9.2% higher than the about $12.03 billion brought in for the whole of 2019.