It’s a baker’s dozen for Nevada casinos, as gross gaming income (GGR) in March eclipsed $1 billion for the thirteenth consecutive month.
The enduring Welcome to Fabulous Las Vegas signal, above. Las Vegas is certainly “fabulous” once more after gaming income in March of 2022 topped $1.35 billion. Nevada casinos have received at the very least $1 billion in every of the previous 13 months. (Picture: AARP)
Right this moment, the Nevada Gaming Management Board (NGCB) revealed statewide March on line casino income totaled greater than $1.355 billion final month. The March haul is a 27% year-over-year achieve and 38% higher than the $981 million the casinos received in pre-pandemic March 2019.
Final month, slot machines received $903 million, an almost 17% enchancment on March 2021. However desk video games have been most liable for the surge, as playing cards, cube, and bingo noticed GGR spike greater than 50% from a 12 months in the past.
GGR from tables, bingo, and sports activities betting totaled $452.2 million — a 53% year-over-year enchancment.
March’s outcomes additional assist robust demand for gaming exercise, and client habits stays constant throughout a number of buyer segments all through the vast majority of markets statewide,” stated Michael Lawton, senior financial analyst on the NGCB.
Baccarat fueled the desk leap, as the sport standard with Asian gamblers noticed GGR soar 93% from March 2021 to $131.7 million. The baccarat win is a serious signal that overseas journey from key worldwide markets is returning to the US primary gaming vacation spot.
Blackjack income totaled $104.5 million — up 46% from 2021. Roulette received $54 million for the home, a 62% enhance, and craps added one other $41 million — a 56% achieve.
File GGR
March 2022 represents the second-best gaming income month in Nevada historical past. Solely July 2021 skilled greater GGR, on line casino earnings that month totaling $1.359 billion.
Nonetheless, Clark County, which is residence to Las Vegas, skilled its greatest month ever final month. Clark County GGR totaled $1.178 billion in March ’22, narrowly eclipsing July 2021’s county totaling $1.162 billion.
The Strip, in fact, accounted for the lion’s share of the motion at $746.2 million. Of the $131.7 million in statewide baccarat win, 96% — or $126.5 million — was realized on the Strip.
In 2019, the Las Vegas Conference and Guests Affiliation stated roughly 42.5 million folks visited Las Vegas; 14% originated from overseas international locations, with Asia being a serious feeder market. Foreigners accounted for simply 3% of the 32.3 million guests to Las Vegas final 12 months.
The gaming numbers fall in step with knowledge from Harry Reid Worldwide Airport. Las Vegas’ primary industrial airport facilitated virtually 4.3 million passengers final month — its highest month-to-month complete since February 2020.
Bettors Fare Higher
Sports activities bettors carried out higher in March 2022 than they did a 12 months in the past. Although oddsmakers took $863 million in bets — an almost 35% enhance from March 2021 — the general public fared higher throughout the 2022 NCAA males’s school basketball match.
Oddsmakers final month reported a maintain price of 4.3%, down considerably from 6.2%. In consequence, sportsbook GGR declined 6% to $36.9 million.
Sports activities betting deal with — or the quantity wager — didn’t hit the $1 billion threshold for a second consecutive month. Nevada books exceeded $1 billion in wagers every month between October via January.
