Vegas Strip casino revenue down 11% from November 2021

Nevada Gaming Revenue 11/22
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Nevada numbers took a year-over-year dip in November, both at the casinos and within the sportsbooks.

State casinos collected over $1.2 billion in revenue compared to just north of $1.3 billion in 2021, a dip of 7.6%. The drop was even more palatable as Las Vegas Strip casinos, whose revenues were down 11.3%. Meanwhile, Downtown Las Vegas was relatively flat year-over-year. Those numbers brought total Clark County revenue to just shy of $1.06 billion compared to $1.16 billion last year.

Strip casinos experience the largest declines from 2021, but the Reno area and Carson City region were down comparable amounts to Clark County.

Nevada sportsbooks, like other states, bore the brunt of their Mattress Mack pain in November. With major payouts to the Texas business mogul, revenue for the month came in at $37.7 million on $927 million in wagers. It would have been difficult to match the $72 million in earnings from November 2021, but with McIngvale payouts, total revenues dipped by 48%.

Baseball bets lost casinos a combined $4.7 million, which ate into the $22.9 million in earnings from NFL and college football wagers. Parlays also underperformed, with $1 million in revenue. That is a dip of over 76% from the previous year.

Hold, which remains notoriously lower in Nevada than other sports betting states, came in at just 4%.

Of the $37.7 million in revenue, $20.1 million was generated online, while the rest came from brick and mortar betting.