The Nevada Gaming Control Board (NGCB) has announced a major accomplishment for the state’s gaming industry in 2023. The organization revealed that it had achieved a gross gaming revenue (GGR) of $15.52 billion, marking the state’s third consecutive direct accomplishment and setting a new record for GGR. This represents a 4.6% increase compared to the previous year.
The revenue report indicated that state casinos generated over $5.2 billion from table games and sports wagering, and nearly $10.3 billion from slot machine revenue. The slot machine revenue increased by 2.3% compared to the previous year, while revenue from table games and sports wagering experienced a surge of over 8%.
According to NGCB senior economic analyst Michael Lawton, this success was attributed to numerous signature events held throughout the year and a steady influx of domestic and international leisure travelers. Lawton identified several contributing factors, including consistent demand and difficult consumers, all of which culminated in the state’s unprecedented triumph in gaming activities.
As a result of this achievement, Nevada continues to maintain its position as the most lucrative wagering state in the United States, surpassing the revenue generated by New Jersey and Pennsylvania. The state’s GGR earnings for December reached $1.43 billion, marking a 9% increase compared to the previous year. The inauguration of two new Red Rock Resorts casinos—Fontainebleau and Durango Casino & Resort—contributed to an influx of visitors to the Las Vegas Strip, along with sold-out Raiders games, NFR events, and concerts featuring renowned artists.
The report also highlighted Clark County’s record revenues of $13.48 billion, representing a 5.5% increase over the previous year. Las Vegas Strip casinos achieved an all-time high in player losses of $8.9 billion, with table game and sportsbook revenue surpassing $4 billion, and slot revenue reaching over $4.8 billion. Additionally, casinos in Mesquite, downtown Las Vegas, Wendover, Sparks, and Elko County all experienced record-breaking gaming sessions.
While some areas, such as Reno, saw a modest dip in GGR due to citizens’ complaints about high inflation rates, the overall gaming industry in Nevada demonstrated positive growth in 2023. Nevada remains a trailblazer in premium gaming, as evidenced by all-time highs in revenue generation.