As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / News / Nevada Casinos kick off 2024 with record-breaking start

Nevada Casinos kick off 2024 with record-breaking start

Publish Date: March 2, 2024
Fact checked by: Jesse M Cox
w 4 0, tags: nevada's gaming industry 2024 - images.unsplash.com

w 4 0 – images.unsplash.com

The gaming industry in Nevada started 2024 with a bang. It broke previous records, although there were mixed results across regions. According to the Nevada Gaming Control Board, the revenue of Nevada’s gaming industry reached $1.28 billion in January. This was a slight improvement from the record of the same month last year. But this growth was only uniform across some regions.

Casinos on the Las Vegas Strip witnessed a 3.8% drop, totaling $686.2 million in winnings. This decline in revenue was mainly due to a sharp drop in table games’ performance.

Table games took the hit, with gross gaming revenue (GGR) from the felt dropping 15% from January 2023. Blackjack, craps, and roulette all recorded substantial double-digit declines in year-over-year performances.

Although the leading gaming market in the world witnessed a slow win in January, Reno and local casinos in Clark County, encompassing Las Vegas and other areas in the state, succeeded in driving Nevada’s gaming industry to make a record in January.

Nevada’s Gaming Boom

In the northern region of Nevada, Washoe County saw a 35% increase in gaming winnings, reaching $87.7 million. Reno, a significant city in Washoe County, surpassed this with an even more remarkable year-over-year surge of 55%, raking in $65.4 million in casino revenue. Moreover, the state’s sportsbooks witnessed remarkable earnings from sports betting.

In January, Nevada sportsbooks recorded a win of more than $64.7 million from bettors. This win marked the highest figure for the month since 2015 and showed a substantial improvement of almost 28%. Even with this record-breaking start, there are signs of a slowdown in the overall fiscal year growth.

In 2024, being a leap year, the Super Bowl LVIII event could lead to an extraordinary record spike. Nearly $185.6 million was bet on the Super Bowl, resulting in gamblers winning $6.8 million. The contrasting outcomes witnessed by different regions and sectors in Nevada’s casino industry indicate the upcoming challenges and opportunities.

Read Also
New Jersey Breaks Its Own Betting Handle Record
New Jersey’s online sportsbooks have managed to break their own record for ...
New Jersey Enjoys 47% Year On Year Betting Revenue Boost
It’s been yet another massive month for sports betting in New Jersey. ...
BetMGM Promo
Over $20 Billion In Revenues Since Legalization Of Sports Betting
Legal sports betting has only been in existence in the US for ...
Draftkings And Fanduel Battle For Control On NY Sports Betting Market
The battle between DraftKings and FanDuel for supremacy in the New York ...
Nevada Enjoys Bounce In Sports Betting Revenues
Nevada posted a year-on-year increase of 36% in sports betting revenues during ...
Latest News
North Carolina Gubernatorial Candidates: their stances on casinos
As the North Carolina gubernatorial race heats up, ...
Gates of Bitcasino grants a max win, worth $2.5 million
A lucky player won $2.5 million on Gates ...
Thunderkick partners with Betway, strengthening foothold in UK
Independent slot developer Thunderkick signed a partnership deal ...
Delaware Park re-opens with new Vegas glamor after $10M upgrade
The Delaware Park Casino recently unveiled its upgraded ...
Petersburg awaits casino vote, Richmond faces setback
Petersburg, Virginia, seeks to host a commercial casino ...
Top Betting Sites
Top Betting Bonuses
Bet365
4.6/5
BetMGM
4.6/5
FanDuel
4.5/5
Caesars
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
Bet365
Bet365 Bonus
Get $150 in Bonus Bets Win or Lose when you bet $5!
T&Cs apply
4.6/5
Subject to meeting qualifying criteria. Minimum wager $5. Minimum odds -500 or greater. $10 minimum deposit. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New customers only. Available in app only. Max. prize, game restrictions, time limits and T&Cs apply. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.6/5
FanDuel
FanDuel Bonus
Bet $5 Get $150 in Bonus Bets If Your Bet Wins!
T&Cs apply
4.5/5
Caesars
Caesars Bonus
First bet back as a bonus bet up to $1000
T&Cs apply
4.5/5
DraftKings
DraftKings Bonus
Bet $5, Get $200 in Bonus Bets Instantly!
T&Cs apply
4.5/5
Our Team
David Genge
David Genge
Editor
Jesse M Cox
Jesse M Cox
Chief Editor
Alyx Tzamantanis
Alyx Tzamantanis
Editor
Simon Briffa
Simon Briffa
Sports Editor
James Leeland
James Leeland
Editor
Author Icon
Marcus
Content Writer
mikegoodpaster
mikegoodpaster
Head Content Writer
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Virginia Town HallCloudflareSSLco² neutral
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
Stake.us
Stake.us Bonus
55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply, 18+
Promo Code:
Go to Stake.us
Get Bonus
Fortune Coins
Fortune Coins Bonus
Claim Your Free 650,000 Gold Coins & 1,400 Fortune Coins
T&Cs apply, 18+
Promo Code:
Go to Fortune Coins
Get Bonus
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site