Nevada's November 2023 Revenue Boosted by F1 Grand Prix
LISTEN TO THIS ARTICLE:The Nevada Gaming Control Board has published its iGaming figures for November, showing a 12% year-on-year increase in gaming revenue.
In dollar terms, the state’s gaming establishments raked in approximately $1.37 billion in revenue during November. Nevada’s gaming revenue was further boosted by the LV Formula One race held from November 16th to 18th, which reportedly drew over 100,000 motorsport enthusiasts into the state.
Compared to previous months, November witnessed significantly higher growth, with a 5.6% increase in revenue over the most recent three-month period. Over the past year, Nevada's total gaming win has surged by 4.9% to reach $15.4 billion.
Table games experienced the highest turnover in November, at 44.5% to $505.5 million. Although slots revenue slightly decreased YoY, it generated $868.8 million in revenue. Baccarat maintained its remarkable growth streak as the favorite among high-rollers, surging by over 200% year-on-year and accounting for a total win of $181.4 million. The game was followed by twenty-one, with $121.2 million in revenue.
In Clark County, which encompasses Las Vegas, overall gaming revenue rose by 14.3% to $1.21 billion. Specifically, the Las Vegas Strip experienced a notable 22.6% boost in win, totaling $821.0 million for the month.
Mobile betting also experienced an increase in November, at 5.4% year-on-year to $21.2 million. Betting on basketball showed a 22.5% increase in win, to $11.8 million, whereas NFL betting saw a 23.3% decrease, dropping to $17.6 million.
During the month, Nevada received $85.4 million in percentage fees, calculated from the taxable revenues generated. The figure is 9.49% higher than the $78.0 million collected in the same month in 2022.
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