Posted on: January 31, 2023, 12:17h.
Last updated on: January 31, 2023, 12:21h.
Nevada casinos won more than $14.84 billion in 2022, the state’s all-time best year.
Casino gambling was legalized in Nevada in 1931. Silver State casinos never won more from gamblers than they did last year.
The Nevada Gaming Control Board (NGCB) today revealed December 2022 and full-year numbers for the state’s gaming facilities. The NGCB statistical filings include gaming income from the state’s licensed casinos, sportsbooks, parimutuel wagering and race books, poker rooms and online poker rake, and gaming terminals inside restaurants and taverns.
Gross gaming revenue (GGR) in December topped $1.31 billion, which marked the 22nd month in a row where gaming exceeded $1 billion. The December haul represented a 14.3% year-over-year gain.
Slot machines accounted for $803.5 million and table games and sports betting won about $510.9 million. Slot win climbed 2% and table games surged more than 40% from December 2021.
The year-end finale was fueled by the Las Vegas Strip, which won more than $814.1 million. December 2022 was the Strip’s all-time best month in terms of GGR. The $814.1 million was 25% higher — or about $163.4 million — than in December 2021.
Record Year
While December marked the best month ever for the Las Vegas Strip, the storyline from the NGCB report is that Nevada’s casino industry is healthier than ever. Though inflation and increased overhead are eating into some of the record revenue, the casinos continue to flourish as the pandemic pent-up demand for travel, business, and leisure shows no sign of ending anytime soon.
The $14.84 billion won last year by the Nevada casinos and other gaming licenses is almost double the amount that the state industry won in 2020. The quick bounce back from the coronavirus, some say, demonstrates the resiliency of the gaming industry.
Nevada’s previous best GGR year was experienced just in 2021 when state GGR totaled $13.42B. Last year easily bettered the former record by 10.6% –or $1.42 billion.
Before 2021, the state’s best GGR year was set in 2007 when gaming income totaled about $12.85 billion.
Nevada Casino Revenue
- 2022: $14.84B
- 2021: $13.42B
- 2020: $7.87B
- 2019: $12.03B
- 2018: $11.91B
- 2017: $11.57B
- 2016: $11.25B
- 2015: $11.11B
- 2014: $11.01B
- 2013: $11.14B
This a developing story. Please check back for updates.