U.S.: Nevada gaming keeps on growing

Nevada's gaming revenues again exceeded the one billion dollar barrier.

Casino gaming revenue in the state totaled US$1.038 billion in January 2020, a 5.48% increase over January 2019.

According to the Gaming Control Board, Nevada casinos continued their positive 2019 trend, with GGR topping US$1 billion in January 2020. Main money win for casinos came from slots and baccarat. Slots revenue was US$672.5 million in January and table game baccarat climbed 17% to US$112.2 million. An important element to notice was that, in relation to January 2019, the state’s sportsbooks also prospered, with revenues from sports betting expanding 36% to US$20.2 million and total betting increasing 1.1% to US$502.5 million (mobile sports wagering accounted for 49% of all sports bets). Looking at revenue by sport, basketball betting was the main source of income, followed by football, ice hockey, horse racing and baseball.

The Las Vegas Strip reported a GGR of US$572.1 million, a 7.49% increase. Revenue in Downtown Las Vegas was US$59.1 million, with table game numbers up 43.8% and sports betting figures up 147% in comparison to January 2019.

An extra weekend day in January helped boost visitation 3.9%, according to the Las Vegas Convention and Visitors Authority. The tourism agency said more than 3.545 million visitors came to Southern Nevada during the month. Convention attendance rose 4.9% to 717,100 attendees. Total occupancy was 85.9%, weekend occupancy was 90.1%, and midweek occupancy was 83.8%, all year-over-year increases.