LAS VEGAS (KLAS) — Casinos took a report $1.46 billion from gamblers in December, a knockout punch that ended a five-month streak of decrease gaming wins in Nevada.
The Las Vegas Strip posted its second-highest win ever, bringing in additional than $881.2 million. The Strip accounted for simply over 60% of the statewide gaming win, based on figures launched Thursday by the Nevada Gaming Management Board (NGCB).
Michael Lawton, NGCB senior analyst, pointed to Nevada’s statewide complete win of $15.6 billion for all of 2024, an all-time report. It is the fourth consecutive yr that the state has posted a report, he mentioned.
It is a turnabout from earlier this month, when November’s win got here in decrease — the fifth consecutive decline stretching again to July.
Is it extra of a reduction or a shock? “Pleasantly surprised considering last December was the previous all-time high and we were facing a difficult baccarat comparison,” Lawton advised 8 Information Now.
“There is not any structural softness that we are seeing. The declines we have been recording recently are due primarily to difficult baccarat comparisons that were driven by hold,” Lawton mentioned. “The last six months, gaming win is down $158.3 million or 2.0% and it is entirely due to baccarat which is down 30.7% or $291.7 million during that period due to lower hold.”
Here is a take a look at a few of the totals that contributed to December’s report:
Statewide: $1,461,092,483
Las Vegas Strip: $881,254,710
Clark County complete: $1,288,158,549
Steadiness of Clark County (contains off-Strip and neighborhood casinos): $161,107,408
Boulder Strip: $87,815,319
Downtown: $82,262,819
Reno: $65,822,120
Laughlin: $34,475,876
Lawton mentioned calendar-year totals confirmed all-time information for Clark County, downtown, Mesquite, Steadiness of Clark County and the Carson Valley.
Final yr, openings at Fontainebleau Las Vegas and Durango On line casino & Resort fueled the report. However December is not all the time the month that brings the very best win for casinos.
“The top 12 months all-time are fairly random, three Decembers, three Novembers, three in July, one March, one February and one October,” Lawton mentioned. “There are so many variables to consider what a month might deliver which include the number of weekend days, types of entertainment, conventions attendance and of course if baccarat has a lucky month you can throw all that out the window.”
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This time, slot machines made the distinction. “Slots increased $123.3 million or 14.4% which offset the decreases recorded in games including baccarat and sports wagering. The month did benefit from collections timing that had slot revenue roll into from the last weekend of November,” Lawton mentioned.
The information comes on the identical day that the Las Vegas Conference and Guests Authority reported a 2.1% improve in guests for the calendar yr. An estimated 41,676,300 folks visited the town in 2024, together with 3,405,700 in December. The report was set in 2019, when the LVCVA mentioned 42.5 million guests got here to Las Vegas. On Wednesday, county aviation officers mentioned Harry Reid Worldwide Airport set a brand new report for passenger site visitors.
