Nevada casinos have set a new record regarding the gross gaming revenue (GGR). In July, Nevada’s 312 licensed gaming venues joined to win $1.36 off of players.
In the state’s history, this revenue is the best monthly GGR report. Nevada legalized sports betting in 1931.
Yesterday, the Nevada Gaming Control Boarded unveiled that July’s slot machines, the terminals raking with more total in a single month than ever before, fueled the gain. Slots won GGR of more than $873.6 million, a 60% surge in July 2020. Table games generated $486.2 million, a 131% year-over-year increase.
Table games revenue
- Baccarat- $160.1M
- Blackjack- $122.2M
- Roulette- 46.5M
- Craps- $42.2M
Baccarat’s July solid performance, which was 169% high in July 2020, indicates that international travel is reopening. Baccarat is often the game choice among Las Vegas tourists coming from Asia.
Sportsbooks also throve in July, Oddsmakers generating 8% of the almost $410 million gambled last month.
July 2021’s gross gaming revenue volume of $1.36 easily surpassed the state’s prior all-time best month. It was just May 2021 when the state realized a $1.23 billion play. That easily eclipsed the previous record of $1.17 billion put in October 2007. Currently, the Nevada gaming industry has yet another new monthly GGR record to target.
Several factors led to July’s high performance. Tremendous pent-up demand arising from COVID-19 has seemingly resulted in Americans breaking out and seeking leisure activities.
Last month, about 4.15 million guests came via McCarran International Airport. Although that number is nearly 8% less than July 2019, domestic travel has returned to pre-pandemic levels.
Brazier continues from Nevada casinos
July marked Nevada’s fifth continuous month, eclipsing the $1 billion mark in casino gain. Nevada joins a list of states that have recently reported high casino numbers, such as Pennsylvania, New Jersey, Ohio, Massachusetts, and Maryland.
Las Vegas strip and Clark County were where the majority of play occurred in July. Clark County GGR was $1.16 billion, 90 percent high from a year ago. GGR on the Strip arrived at $793.7 million, a 140.5 % year-over-year record. Downtown Las Vegas also sustained its winning ways. Casinos there reported revenue of $71.2 million. That is a 71% rise in July 2020 and a 36% gain in July 2019.
Along with pent-up demand, July’s generous GGR numbers can be partly credited to Southern Nevada having three extra leading casinos in operation last month that was not in business in the 2020 summer.
In June, a $4.3 billion system, Resorts World Las Vegas became the Strip’s newest from square one casino in more than ten years. Circa Las Vegas, downtown Las Vegas’ latest from scratch casino resort, started operations last October in four decades.
Finally, Virgin Hotel Las Vegas, formerly known as Hard Rock Las Vegas, commenced in January. Mohegan Gaming & Entertainment operates the off-Strip casino.
COVID-19 made New Jersey’s iGaming and online gaming sites thrive. As Atlantic casinos were closed from mid-March 2020 across early July, interactive sportsbooks flourished, as they received plenty of new players. Concerns have hovered that many wagers who played in Atlantic City casinos before the COVID-19 may remain permanently online.
In addition, recent media reports publishing monthly gaming data from New Jersey have failed to admit that face-to-face play remained considerably down. In June, for instance, Atlantic City casinos generated $345 million out of land-based operation, gambling, and iGaming. That was a record for June. However, in June, brick-and-mortar was nine percent down ($21.5 million) from June 2019.
July 2021 offers many reasons for optimism, and the licensed casinos on the shore may return to pre-pandemic market levels even with solid play online.