Nevada Hits Jackpot with Record-Breaking October Gaming Win
Date: 2023-12-03 Author: Dima Zakharov Categories: EVENTS
Anticipation Mounts for November Figures Following Downtown Las Vegas Triumph
Downtown Las Vegas steals the spotlight, achieving a record-breaking $97.5 million win for October. The buzz now surrounds November's figures, with experts eagerly awaiting the impact of the Formula 1 Las Vegas Grand Prix. Adding to the excitement, December is set to be strong with two new properties, Durango and Fontainebleau.
Challenges Emerge as Slot-Machine Wins and Table-Game Wagers Decline in October
Despite October having one less weekend day, Southern Nevada markets, including the Boulder Strip and Laughlin, experienced gaming win increases. However, North Las Vegas reported a slight decline. October marked a reversal with various markets contributing to increased slot-machine wins, fueled by higher hold percentages.
State's Gaming Numbers Continue to Surpass Pre-Pandemic Levels
October 2023 sees a remarkable 28.7% increase over 2019, marking the 32nd consecutive month with at least $1 billion in monthly gaming wins. Las Vegas Strip properties thrive, benefiting from residencies, concerts, and sports events. Notably, performances by Adele, U2, Pink, Ed Sheeran, and events like the NASCAR Xfinity Series contribute to the city's vibrant gaming scene.
Slowdown in Gambling on the Strip
While Las Vegas Strip properties flourish, there's a gradual slowdown in gambling. October records a third consecutive month of slot-machine revenue declines, breaking a 30-month streak. Table-game play also declines despite a 4.4% increase in table-game wins.
