Nevada has seen a minor decrease in gambling revenue during March 2024, generating a total of $1.29 billion.

Nevada Gambling Revenue Drops During March 2024

Nevada’s gambling revenue decreased by 3.7% in March, after generating $1.34bn in February and also dropped by 1.5% when compared to March 2023.

The infamous gambling state took in $16.5m in taxes during March and made 67.8% of its revenue through slot machines earning $874.5m – an increase of 5.7% from February.

Traditional table, counter and card games continued to be popular amongst the state’s gamblers, bringing in $415.9m in revenue – but this number was 19.2% lower than February’s total.

Baccarat was once again the most popular game in Nevada, however, revenue from the classic card game dropped by 36.3% in March – falling from $180.1m to $113.7m month-on-month.

This drop during March may have caused some concern, but the state has now recorded $11.92bn in gaming revenue during the fiscal year – an increase of 4.4% when compared to the same period in 2023.

Many expected sportsbook revenue to increase during the month, as March Madness came to town, but revenue fell to $29.8m – a 37.8% decrease.

However, February did boast some huge sporting events of its own, as the Super Bowl was held in Nevada for the first time in history.

A sport that proved to be very popular in the state was Basketball, as it brought in $32.5m in revenue, but was impacted by the loss of $12.9m in the football betting market.

Las Vegas is notorious for its gambling strip, which accumulated $800m in revenue during February and this total dropped to $715.9m in March – a 10.6% fall.

Slot machines located on the Las Vegas strip also added a large portion of revenue, bringing in $401.4m and rising from the £381m made in February.

Table games were less successful, decreasing by 25% from February and Clark County’s casinos made $1.31bn in March – dropping by 1.55% when compared to 2023.