LAS VEGAS (KLAS) — Casinos on the Strip couldn’t match final yr’s winnings in November, when the F1 Las Vegas Grand Prix drove a surge in tourism.
The Strip posted its seventh-highest complete win, $788.7 million, in comparison with November 2023, when casinos raked in about $821 million, the third-highest complete of all time, in accordance with figures launched Thursday by the Nevada Gaming Management Board (NGCB).
The distinction — about $32 million — was a 3.91% decline for Strip casinos, and adopted considerations that resort room charges and ticket gross sales had dropped considerably.
Nonetheless, November was a stable month for Strip casinos, in accordance with Michael Lawton, NGCB senior analyst. “If you were to exclude baccarat from the Strip, gaming win would have been relatively flat, up 0.1% or $532,000,” Lawton stated.
Statewide, casinos received $1.32 billion, simply squeaking in to the Prime 10 of all time at No. 9. November 2023 sits at No. 3 on that listing at $1.37 billion, behind December 2023 ($1.43 billion) and July 2023 ($1.40 billion).
The comparisons to 2023 are proving troublesome for the state’s gaming business. On line casino wins have declined year-over-year for the fifth month in a row now, stretching again to July. The gaming win dropped 4.21% in comparison with a yr in the past. Final month, it dropped 2.19%.
Strip casinos pulled in $145.7 million from baccarat gamers. That was down $32.1 million in comparison with November 2023, a lower of 18.3%.
“Gaming win on the Strip has decreased in five consecutive months — July through November — and the last time the Strip decreased in five consecutive months (pre-pandemic) was January through May 2019. However, the comparison over that five month period was difficult, with an increase of 7.9% or $276.5 million,” Lawton stated.
For the calendar yr, 2024’s tempo on the Strip was 0.8% behind 2023 with December numbers nonetheless out. However for the fiscal yr, which began in July simply as 2023 comparisons obtained harder, the Strip is down 5.73%.
Different win totals from areas in Clark County:
Downtown Las Vegas: $79.0 million (-2.69% in comparison with November 2023)
North Las Vegas: $24.5 million (+6.05%)
Laughlin: $34.0 million (-15.52%)
Boulder Strip: $66.2 million (-20.57%)
Mesquite: $16.4 million (+8.78%)
Stability of Clark County: $154.5 million (+2.38%)
Nevada collected $87.2 million in share charges throughout the month of December, a 1.5% improve in comparison with December 2023.
