Nevada records all-time high annual aggregated gaming revenues

In the western American state of Nevada and aggregated gaming revenues for December reportedly surpassed the $1 billion mark for a tenth consecutive month to take the jurisdiction’s tally for the whole of 2021 up to a record $13.43 billion.

According to a Thursday report from the Las Vegas Review-Journal newspaper citing official figures from the Nevada Gaming Control Board regulator, combined gaming receipts from the state’s collection of over 460 casinos topped $1.15 billion last month, which was about 12.8% down on November’s tally of about $1.32 billion. Nevertheless, the annual reckoning still finished around 4.5% above the previous best of $12.85 billion set in 2007 as the 215 venues in Clark County saw their analogous register climb by about 5.5% to exceed $11.5 billion.

Sickly standing:

Michael Lawton from the Nevada Gaming Control Board reportedly told the newspaper that the gradual elimination of gaming floor capacity restrictions owing to the successful roll-out of coronavirus vaccines was partially responsible for the record numbers. The analyst also purportedly explained all of this had come despite the fact that December has long held the reputation for being a slow tourism month.

Lawton reportedly stated…

“Subsequently, strong demand for gaming-related activities by customers representing multiple market segments across all areas of the state propelled Nevada to a record then consecutive months of total gaming win in excess of $1 billion. This demand was being driven by healthy consumer savings as the result of stimulus payments and the sustained rebound of leisure travel while the return of special events and entertainment continued to boost gaming win to record levels.”

Strip success:

The Las Vegas Review-Journal reported that casinos along the Las Vegas Strip took in aggregated December gaming revenues of approximately $650.77 million, which equated to an uptick of 122.9% year-on-year, while venues in the wider Clark County region were responsible for 86.8% of the state’s overall tally at roughly $998.44 million. All of this purportedly led to Nevada collecting an impressive 126.5% more in statewide taxes for last month at well beyond $68 million.

Complimentary comparisons:

Carlo Santarelli from Deutsche Bank reportedly told the newspaper that combined December gaming revenues from the Las Vegas Strip were 10% above those recorded for the same 31-day period in pre-pandemic 2019 while the most recent fourth-quarter figure was an impressive 27.9% up on the analogous three-month period two years previous.

Record receipts:

The Las Vegas Review-Journal reported that eleven of Nevada’s 20 sub-markets had recorded all-time high aggregated annual gaming revenues for 2021 as win rose by 84.8% year-on-year in the first six months before chalking up a 60.4% swell over the course of the second half. The newspaper finished by disclosing that annual slot win had consequently surged by 70.5% for last year to exceed a record $9 billion as local sportsbooks won a history-making $445 million off of about $8 billion in wagers.