Nevada, the gaming capital of the United States, has reported its gaming revenue results for April 2024, showcasing robust growth in both slot and table game sectors. The total gaming revenue surged to $1.24 billion, marking a notable 7% year-on-year increase. This growth trajectory underscores the resilience and vibrancy of Nevada’s gaming industry, with slot games contributing $886.8 million (up 5.9%) and table, counter, and card games generating $353.4 million (reflecting a growth of 9.8%).

Nevada Gaming

Insights into Slot Revenue

Multi-Denomination Machines Lead the Way

Of the total slot revenue, multi-denomination machines emerged as the top revenue generator, amassing $586.8 million with a staggering 26.4% growth. However, 1¢ machines, despite contributing $216.6 million, experienced a 21.5% decline year-on-year. Notably, $25 slots witnessed a remarkable 137.6% increase in April revenue, reaching $1.4 million, while $5 slots encountered a 39.6% decline, totaling $4.5 million.

Analysis of Table, Counter, and Card Games Revenue

Blackjack Reigns Supreme

Within the table, counter, and card games category, blackjack emerged as the primary revenue driver, accounting for $110.2 million or 31.2% of the total statewide revenue. Impressively, blackjack recorded a 16% growth rate, showcasing its enduring popularity among players. The standout performer in terms of growth was baccarat, witnessing a substantial 72.5% surge to $76.1 million. Conversely, craps experienced a 25.5% decline, contributing $30.3 million to the overall revenue.

Key Highlights from Different Nevada Regions

Las Vegas Strip

In April, the Clark County Las Vegas Strip area reported $666.1 million in gaming revenue, reflecting a 6.6% year-on-year increase. Slot games dominated the revenue composition, generating $409.3 million, while table, counter, and card games contributed $256.8 million. Notably, multi-denomination slots emerged as the top revenue source, raking in $276.9 million with a robust 28.2% growth.

Clark County Boulder Area

The Clark County Boulder Area witnessed $83.1 million in gaming revenue, showcasing an 8.5% year-on-year growth. While slots recorded a 10.9% increase to $74.6 million, table, counter, and card games faced a 9.8% decline, totaling $8.2 million. Interestingly, sports betting, Pai Gow Poker, and blackjack witnessed growth, with notable declines observed in bingo, Ultim Texas Hold’em, and roulette.

Downtown Las Vegas

Downtown Las Vegas reported $82.8 million in gaming revenue, marking an 11.1% year-on-year increase. While slots followed similar trends as the Strip, with multi-denomination and 1¢ slots dominating, table games showcased unique dynamics. Sports betting emerged as the leading revenue contributor, generating $10.6 million, followed by blackjack and craps. Notably, keno witnessed a substantial 54.7% growth to $189,000.

Conclusion: The Gaming Revenue Report

The April 2024 gaming revenue report underscores Nevada’s continued dominance in the gaming industry, with robust growth witnessed across various gaming segments. As the state navigates evolving consumer preferences and market dynamics, stakeholders remain optimistic about the industry’s resilience and potential for sustained growth.

FAQs: Nevada Gaming Revenue Report April 2024

1. What was the total gaming revenue in Nevada for April 2024?

The total gaming revenue for Nevada in April 2024 was $1.24 billion, marking a 7% year-on-year increase.

2. How much did slot games contribute to the total gaming revenue?

Slot games contributed $886.8 million to the total gaming revenue, showing a 5.9% increase from the previous year.

3. What was the revenue generated by table, counter, and card games?

Table, counter, and card games generated $353.4 million in revenue, reflecting a 9.8% year-on-year growth.

4. Which type of slot machine was the highest revenue generator?

Multi-denomination machines were the highest revenue generators among slot machines, amassing $586.8 million with a 26.4% growth.

5. Did any specific slot machines experience a decline in revenue?

Yes, the 1¢ slot machines experienced a 21.5% decline in revenue, contributing $216.6 million.

6. Were there any notable changes in the revenue from high-denomination slot machines?

Yes, $25 slot machines saw a remarkable 137.6% increase in revenue, reaching $1.4 million, while $5 slot machines encountered a 39.6% decline, totaling $4.5 million.

7. Which table game generated the most revenue?

Blackjack generated the most revenue among table games, accounting for $110.2 million or 31.2% of the total revenue from table, counter, and card games.

8. How did baccarat perform in terms of revenue growth?

Baccarat witnessed a substantial 72.5% surge in revenue, generating $76.1 million.

9. Which table game experienced a decline in revenue?

Craps experienced a 25.5% decline in revenue, contributing $30.3 million to the overall table games revenue.

10. What was the gaming revenue for the Las Vegas Strip in April 2024? 

The Las Vegas Strip reported $666.1 million in gaming revenue, reflecting a 6.6% year-on-year increase.

11. How did the Clark County Boulder Area perform in terms of gaming revenue? 

The Clark County Boulder Area reported $83.1 million in gaming revenue, showcasing an 8.5% year-on-year growth.

12. What were the revenue trends for Downtown Las Vegas? 

Downtown Las Vegas reported $82.8 million in gaming revenue, marking an 11.1% year-on-year increase. Notably, sports betting was the leading revenue contributor in this area.

13. How did multi-denomination slots perform on the Las Vegas Strip? 

Multi-denomination slots on the Las Vegas Strip generated $276.9 million in revenue, showing a robust 28.2% growth.

14. Which games showed growth in the Clark County Boulder Area despite the decline in table games overall? 

Sports betting, Pai Gow Poker, and blackjack showed growth in the Clark County Boulder Area, despite an overall decline in table, counter, and card games.

15. What was the notable growth observed in Downtown Las Vegas aside from sports betting?

Keno witnessed a substantial 54.7% growth in Downtown Las Vegas, reaching $189,000.

16. What does the April 2024 gaming revenue report indicate about Nevada’s gaming industry? 

The report underscores Nevada’s continued dominance and resilience in the gaming industry, with robust growth across various gaming segments and regions.