The gaming regulatory board said July gaming win slowed to $1.306 billion, with the Las Vegas Strip most responsible for the downward movement. Gaming win on the Strip plunged 15% to result in the first statewide GGR year-over-year monthly decline in four months. The approximately $1.3 billion haul was almost 7% below July 2023 when casino revenue totaled more than $1.4 billion.
Michael Lawton, the NGCB’s senior economic analyst, said July 2023 was a difficult time to emulate, as the 1.404 billion won that month was, at the time, a record high for any month in Nevada’s long and rich gaming history. Though inflationary pressures and a rattled economy have some analysts concerned, Lawton says the July report shouldn’t sound industry alarms.
Table win, plus revenue from sports betting, keno, and bingo, fell 30% on the Strip to $290.5 million. Oddsmakers kept just $10.2 million of the bets wagered, a 7% drop, on a poor hold of 6%. Strip slots were down less than 1% to $418.8 million.
