In January 2024, revenue experienced a slight increase, reaching just over $1.27 billion, although it lagged behind December’s earnings of $1.43 billion by 10.5%.
Slot machines contributed significantly to January’s revenue, totaling $885.9 million, a modest 1.3% increase compared to the previous year.
Of this amount, $567.2 million stemmed from multi-denomination slots, while penny slots accounted for $231.1 million.
Conversely, revenue from table, counter, and card games witnessed a decline of 7.5% to $393.5 million in January.
“Despite a decrease in revenue from blackjack by 18.2% to $98.3 million, baccarat showed growth with an 8.0% increase to $98.0 million,” noted the report.
Additionally, Pai Gow poker revenue surged by 125.5% to $11.2 million, while revenue from “card games” saw a slight uptick of 0.5% to $13.2 million.
Sports betting emerged as a notable contributor to the overall growth, with sports pool revenue rising by 28.4% to $64.7 million in January.
Notably, mobile betting in Nevada accounted for $30.1 million of this total.
Wagering on American football notably contributed to this increase, generating $38.5 million in revenue as the NFL season approached its conclusion, particularly with the Super Bowl held in Las Vegas in early February.
In other sports, basketball betting revenue reached $18.4 million, hockey revenue totaled $3.1 million, while baseball betting resulted in a loss of $1.0 million.
Examining the renowned Las Vegas Strip, revenue dipped by 3.8% year-on-year to $686.2 million.
Slot machine revenue on the Strip saw a marginal increase of 3.1% to $400.8 million, while revenue from table, counter, and card games decreased by 12.1% to $285.4 million.
Regarding sports betting, revenue from sports pool wagering on the Strip surged by 35.4% to $28.5 million.