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Nevada gaming revenue grows further in February

| By Daniel O'Boyle
Gaming revenue in Nevada came to $1.11bn in February, up 44.1% from the same month of 2021 and 3.3% more than in January.

As ever, slots made up the majority of revenue with $764.4m, up by 44.0% from February 2021 on stakes of $11.06bn.

Multi-denomination slots were the most popular product, bringing in $377.5m in revenue, a 50.8% increase from 2021. Penny slots followed, with $282.4m, up 27.4%.

Table games, meanwhile, brought in $348.8m, which was 44.3% more than in 2021, as players staked $2.85bn.

Twenty-one was easily the largest source of revenue, bringing in $114.0m, which was 67.3% more than in 2021, with players staking $764.1m.

Baccarat was next, as players staked $587.4m and casinos won $63.0m.

Roulette revenue was $36.0m while for craps the figure was $30.8m.

Looking at sports betting, total revenue across Nevada came to $30.9m in February, a month that included the Super Bowl. This figure was 2.9% less than the revenue in February 2021 and down by almost 40% from January 2022.

This came on bets worth $780.8m, which was 41.4% more than the handle in February 2021 but 29.6% less than January’s handle.

Most betting revenue came from retail bets, which brought in $21.8m to mobile’s $9.1m. However, mobile bets accounted for the majority of handle, with $512.4m, while retail handle was just $268.4m.

Basketball was the leading sport in terms of betting revenue, bringing in $12.5m on bets worth $465.3m. American football bets – including those on the Super Bowl – brought in $11.1m, as players staked $181.9m.

Hockey revenue came to $4.0m on $59.5m worth of bets, while baseball revenue was negative $471,000 and parlay card revenue came to $308,000.

Revenue from other sports was $3.4m.

Revenue from Clark County, which includes Las Vegas, was $949.9m, a 50.9% year-on-year increase, while revenue from the Las Vegas Strip was $599.1m, up 71.9%.

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