Nevada Sets New Gaming Revenue Record in 2024
- UM News
- Posted 3 months ago
The Nevada Gaming Control Board’s latest financial update shows that the state recorded total gaming revenue of $15.6 billion in 2024, a new annual record.
The $15.61 billion recorded was a 0.55% increase year over year compared to 2023’s data. Gaming revenue recorded for the final quarter of calendar year 2024 (October through December) was $4.06 billion.
The number of licensees that reported results across the year was 454, with 436 submitting data for December.
Slot machines were Nevada’s primary revenue driver in 2024, generating $10.52 billion, or 67.3% of total gaming revenue. This represented a yearly growth of 2.27%. The average win percentage across all denominations was 7.2%.
The NGCB reported that there were 127,176 slot machines across the Silver State.
Multi-Denomination Slots Surge as Single-Denomination Machines Decline
A breakdown by slot machine denomination shows a move from specific-denomination slots to multi-denomination machines:
- 1-Cent Slots generated $2.37 billion, down 24.87% year-over-year;
- 5-Cent Slots revenue was $35.3 million, a decrease of 17% when compared to 2023;
- 25-Cent Slots dropped 17.86% to $180.6 million in revenue in 2024;
- $1 Slots also fell by 17.26%, recording $528.0 million for 2024;
- $5 Slots saw the most significant year-over-year fall by percentage, with a 24.78% decrease to $52.9 million;
- $25 Slots generated $17.7 million, a decrease of 22.51% from 2023’s figure;
- $100 slots reported the most minor decrease in single-denomination slots, dropping 8.72% to $29.1 million in revenue for 2024
- Multi Denomination slots rose 19.77%, generating $7.15 billion of all slot-based revenue in 2024.
Slot machine revenue was 73.6% of the renowned Las Vegas Strip’s gaming revenue in 2024.
Within table games, Blackjack generated $1.34 billion in revenue, up 1.07% year-over-year. Baccarat generated slightly more, with $1.39 billion, but this was a 6.33% decrease in 2023’s reported revenue. Roulette revenue also decreased by 4.39%.
Nevada sports betting revenue stagnated, only increasing by 0.17% yearly to $482 million. The channel shift continued in Nevada, with mobile sports betting driving 59.3% of the state’s total GGR. The $285.8 million mobile sports betting revenue increased by 18.82% yearly.
Basketball betting revenue was the most significant compared to American football, baseball, and hockey, rising 14.3% year over year to $152.5 million. Baseball reported the most significant decrease, down 22.9% to $71.8 million for 2024.
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The Nevada Gaming Control Board’s latest financial update shows that the state recorded total gaming revenue of $15.6 billion in 2024, a new annual record. The $15.61 billion recorded was a 0.55% increase year over year compared to 2023’s data. Gaming revenue recorded for the final quarter of calendar year 2024 (October through December) was
The post Nevada Sets New Gaming Revenue Record in 2024 appeared first on CasinoBeats.
