Nevada hit a trifecta in February.
With Las Vegas hosting Super Bowl LVIII and the month seeing the entirety of Chinese New Year and an extra day — given 2024 is a leap year — Nevada casinos posted a record gaming revenue total for February.
The Gaming Control Board said Thursday that casinos statewide collected more than $1.34 billion in gaming revenue during the month, an increase of 8.5 percent from a year ago. Strip resorts collected $800.7 million, an increase of 12.4 percent.
Michael Lawton, the control board’s senior economic analyst, said the events “created extremely supportive tailwinds for gaming activity in Nevada and the Las Vegas Strip.”
February marked the state’s sixth-highest single-month revenue total and the fifth-highest for the Strip. The state — with $1.43 billion in revenue — and the Strip — with $905.5 million — set single-month records in December.
In addition to the Super Bowl, concerts and other special events helped Strip casinos record a 30.3 percent increase in table game revenue to $419.7 million, which included baccarat revenue of $180.5 million, an 81.9 percent increase from 2023.
While Clark County as a whole accounted for almost $1.2 billion of the state’s overall total, two markets experienced gaming revenue declines: North Las Vegas, down 4.4 percent, and Laughlin, down 7.9 percent.
Deutsche Bank gaming analyst Carlo Santarelli wrote in a research note that the balance of Clark County saw a 7.4 revenue increase to $142.5 million thanks to the opening late last year of Red Rock Resorts’ Durango Casino Resort.
For the second month in a row, Northern Nevada saw a hefty gaming revenue increase, rebounding from severe winter weather conditions that affected the market in 2023.
Washoe County casinos saw gaming revenue increase 7.7 percent to almost $82.8 million with Reno casinos seeing a 10 percent increase, contributing $60 million to the overall total. South Lake Tahoe gaming revenue grew 12.9 percent to $21.3 million.
Sportsbooks statewide saw an 8 percent increase in wagers during February, much of it attributed to the Super Bowl, which saw a record $185.6 million bet on the Kansas City Chiefs’ 25-22 overtime win over the San Francisco 49ers at Allegiant Stadium on Feb. 11. The control board said sportsbooks won $6.8 million from customers who bet heavily in the 49ers.
For the month, Nevada sportsbooks reported $47.9 million in revenue, up 16.1 percent from a year ago. Wagering totaled $712.3 million, of which $190.7 million was attributed to football. Mobile sports betting accounted for 59.5 percent of all wagers.
This story will be updated with Las Vegas tourism numbers.
