Nevada casinos reported $1.29Billion in wins last month, with year-on-year numbers seeing a significant drop for the first time in over eight months.
Despite the dip in Nevada casino wins from March compared to last year, wins on table games in NV flew up to $415.9Million last month – a 2.5% increase on last year’s figures.
Slots were the biggest disappointment in March this year, with a record performance in the same month last year hard to beat. Slots returned $874.5m last month which was 3.5% lower than numbers in 2023 when Nevada casino’s set an all-time monthly high of $906.5 million.
Nevada bookmakers also lost out at the hugely popular March Madness last month, after the public came out on top with favourites South Carolina and UConn coming out on top in the tournaments.
Sportsbook wins fell by a whopping 32% in March largely thanks to the basketball results – with $29.8m won at a 3.8% win rate.
Las Vegas strip gameplay slowed down by 1.2% in March, while slots won 5% less than last years numbers in Nevada’s largest gaming hotspot.
Poor March Numbers Won’t Affect Nevada Casino Q1
Despite the disappointing figures for March 2024, Nevada’s gaming industry continues to grow with gross gaming revenue coming to just under $4billion in the first quarter of this year.
Table games is unsurprisingly where Nevada was most successful though Q1 in 2024, with $1.32bn made – a 6% year-on-year increase from 2023. Sports betting grew by 5% in Q1, while slot games saw a marginal increase of 0.4% compared to last year.
Following March’s report, Nevada has now won at least $1bn in 37 consecutive months dating all the way back to 2021.
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