Nevada's gambling revenue showed a decrease in April, totaling $1.16 billion, which represents a 6.9% increase compared to $1.08 billion from the same month last year. However, this figure is down 3.9% from March's total of $1.29 billion. March's revenue had already dipped from February, which had benefitted from the NFL's Super Bowl.
Slots remained the major revenue generator, bringing in $886.8 million, a 5.9% rise from April 2022. Multi-denomination slots accounted for the highest portion of this revenue at $586.8 million, marking a significant 26.4% increase. High-stakes slots also fared better, with $25 machines surging by 137.6% and $100 machines rising 14.5%. Conversely, revenue from lower-stakes machines declined year-on-year.
When examining table, counter, and card games—including sports betting—total revenue grew by 9.8% to $353.4 million. Within this segment, blackjack emerged as the top performer with $110.2 million, a 16.0% annual increase. Baccarat revenue skyrocketed by 72.5% to $76.1 million, while roulette gained 4.6% to reach $35.9 million. However, craps saw a 25.5% drop to $30.3 million, and Ultimate Texas Hold’em slipped by 1.1% to $15.1 million.
In the sports betting sector, revenue fell 5.0% to $30.8 million in April. Basketball betting led the category with $13.3 million but was down 12.1%. Baseball betting saw an 18.4% increase to $10.7 million, while hockey wagering surged by 74.2% to $5.7 million. Football betting incurred a loss of $5.7 million, though this marks a 17.1% improvement compared to last April. Other sports accounted for $6.8 million in revenue, down 31.6% year-on-year. Online wagering generated $24.5 million of the total sports betting revenue.
April's revenue on the Las Vegas Strip reached $666.1 million, a 6.6% increase from the previous year but a 7.0% decline from March. Slot revenue on the Strip rose 5.1% to $409.3 million, with high-stakes machines again showing the most growth. Multi-denomination slots contributed the largest share at $276.9 million, which is up 28.2%. Revenue from tables, counters, and card games amounted to $256.8 million, marking a 9.2% yearly rise. Blackjack alone generated $81.7 million, up 10.2%, followed closely by baccarat at $76.7 million, an 11.6% increase. However, sports betting revenue on the Strip fell 26.5% to $9.7 million.
In recent weeks, Nevada has witnessed significant developments. Entain, listed in London, received unconditional approval to operate in the state. The company, which runs as BetMGM through a joint venture with MGM Resorts, previously operated under temporary licenses due to concerns regarding its activities in unregulated markets. Full approval indicates the Nevada Gaming Commission is now satisfied with Entain's compliance.
Additionally, Gaming and Leisure Properties (GLPI) announced a $105 million deal to acquire three casino resorts in South Dakota and Nevada. The acquisition includes Baldini’s Casino in Nevada, which spans nine acres and houses around 492 slot machines, along with the Silverado Franklin Hotel & Gaming Complex and Deadwood Mountain Grand casino in South Dakota.
