{"id":53200,"date":"2021-07-22T18:14:47","date_gmt":"2021-07-22T18:14:47","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=53200"},"modified":"2021-07-29T15:43:03","modified_gmt":"2021-07-29T15:43:03","slug":"nevada-casino-gaming-revenue-breaks-14-year-single-month-record","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/nevada-casino-gaming-revenue-breaks-14-year-single-month-record\/","title":{"rendered":"Nevada Casino Gaming Revenue Breaks 14-Year Single Month Record"},"content":{"rendered":"<p>There is nothing like breaking a record. Just ask the <strong>Milwaukee Bucks<\/strong>. The franchise recently broke a <strong>50-year record<\/strong> after defeating the <strong>Pheonix Suns<\/strong> to win the <strong>2021 NBA Finals<\/strong>.<\/p>\n<p>While it&rsquo;s not five decades, Nevada did shatter a <strong>14-year single-month record<\/strong> in <strong>May<\/strong> by recording <strong>$1.23 billion<\/strong> in gaming revenue.<\/p>\n<h2><span id=\"nevada_casinos_have_a_record-setting_month\">Nevada casinos have a record-setting month<\/span><\/h2>\n<p>According to figures released by the<strong> Nevada Gaming Control Board<\/strong>, the <a href=\"https:\/\/thenevadaindependent.com\/article\/nevada-casinos-take-of-1-23-billion-in-may-shatters-nearly-14-year-old-high\">$1.23 billion generated<\/a> was a <strong>25.3%<\/strong> increase from <strong>May 2019<\/strong>. The gaming board has been comparing data to 2019 statistics since all casinos were shut down in 2020 due to the coronavirus pandemic.<\/p>\n<p>The previous single-month high for Nevada casino revenue was in <strong>October 2007<\/strong>, when the state recorded <strong>$1.165 billion<\/strong> in gaming revenue.<\/p>\n<p><strong>Michael Lawton<\/strong>, <strong>a senior research analyst<\/strong> for the NGCB, told the <em>Nevada Independent<\/em>, the May numbers could be attributed to record-breaking slot machine revenue and the baccarat business.<\/p>\n<ul>\n<li><strong>Slot machines: $358.3 million<\/strong><\/li>\n<li><strong>Baccarat: $105.9 million<\/strong><\/li>\n<li><strong>Other gaming: $655.5 million<\/strong><\/li>\n<\/ul>\n<h2><span id=\"nevada_sports_betting_also_has_a_good_month\">Nevada sports betting also has a good month<\/span><\/h2>\n<p>On top of a stellar month for slot machines and baccarat, <strong>Nevada sports betting<\/strong> also reaped the benefits of a strong May.<\/p>\n<p>Sportsbooks recorded <strong>$477.4 million<\/strong> in betting handle an increase of <strong>4.9%<\/strong> reported in April. Sports betting revenue was&nbsp;<strong>$27.1 million,&nbsp;<\/strong>which translated to <strong>$1.8 million<\/strong> in state taxes. Of the amount wagered, <strong>62%<\/strong> were from online or mobile sports betting accounts.<\/p>\n<p>One key metric to look out for is Nevada sportsbooks are on pace to surpass $1 billion in sports betting revenue in the next few months. The current total sits at <strong>$964.2 million<\/strong>.<\/p>\n<div class=\"\" data-ctaid=\"976\" data-cta-type=\"geo\" data-cta-renderd=\"true\" data-cta-cached=\"true\" data-render-type=\"server\">\n<div id=\"cta-base-672\" data-cta-affid=\"26\" class=\"cta-base cta-single cta-style-default\">\n<div class=\"cta-content\">\n<div class=\"cta-header\">\n<div>CHUMBA ACCEPTS US PLAYERS &amp; HAS CASH PRIZES<\/div>\n<\/div>\n<div class=\"cta-body\">\n<div class=\"cta-row row-body\">\n<div class=\"cta-col cta-col-rank first badge\" data-column=\"rank\" data-enabled=\"false\"><span class=\"rating\">1<\/span><\/div>\n<div class=\"cta-col cta-col-operator\" data-column=\"operator\" data-enabled=\"false\">\n<div class=\"cont\">  .chumba-svg-logo-cls-1 { fill: #008dd5; } .chumba-svg-logo-cls-2 { fill: #70bbe8; } .chumba-svg-logo-cls-3 { fill: url(#radial-gradient); } .chumba-svg-logo-cls-4 { fill: url(#radial-gradient-2); } .chumba-svg-logo-cls-5 { fill: url(#radial-gradient-3); } .chumba-svg-logo-cls-6 { fill: url(#radial-gradient-4); 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Given its hotel deals, new attractions, and many direct flights, Las Vegas is again booming as one of the top vacation destinations.<\/p>\n<p>Although the billion-dollar casino revenue record is impressive, Nevada still isn&rsquo;t at <em>full<\/em> strength. Several other components are missing from the Las Vegas strip, like <strong>international travel<\/strong> and its <strong>convention business,<\/strong> that could keep the streak going.<\/p>\n<p>May marks the <strong>third month<\/strong> <strong>in a row<\/strong> the state has&nbsp;surpassed $1 billion in revenue, and experts anticipate it won&rsquo;t be the last.<\/p>\n<p><strong>Chad Beynon<\/strong>, <strong>a gaming analyst for Macquarie Securities,<\/strong> said he expects the results to continue into the summer months, especially given the draw of new properties such as Resorts World.<\/p>\n<p>In a research note, Beynon said, &ldquo;Looking ahead, although a traditionally weaker month of the year, June hosted two noticeable events, the World of Concrete, the (city&rsquo;s) first major convention on June 8-10, and the Resorts World Las Vegas opening on June 24, the first major opening on the Strip in more than 10 years.&rdquo;<\/p>\n<p>The convention business in Las Vegas is scheduled to return, with many bookings now firmly on the calendar. (Along with Las Vegas&rsquo; other bread-and-butter: concerts and shows.) However, international travel continues to move at a much slower pace.<\/p>\n<p><strong>McCarran International Airport<\/strong> passenger volume was <strong>down 41.7%<\/strong> in May compared to the same month in 2019. Additionally, McCarran only recorded <strong>50,258<\/strong> international passengers for May &mdash; all from Mexico.<\/p>\n<p>The post Nevada Casino Gaming Revenue Breaks 14-Year Single Month Record appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.playusa.com\">Play USA<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is nothing like breaking a record. Just ask the Milwaukee Bucks. The franchise recently [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-53200","1":"post","2":"type-post","3":"status-publish","4":"format-link","6":"category-news-category","7":"post_format-post-format-link"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nevada Casino Gaming Revenue Breaks 14-Year Single Month Record -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pokerscout.com\/nevada-casino-gaming-revenue-breaks-14-year-single-month-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nevada Casino Gaming Revenue Breaks 14-Year Single Month Record -\" \/>\n<meta property=\"og:description\" content=\"There is nothing like breaking a record. 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