In March, Nevada‘s gaming revenue experienced a decline, falling short of February’s total of $1.34 billion and trailing behind last year’s March revenue by 1.5%, which amounted to $1.31 billion.
The state collected $86.5 million in taxes for the month.
Slot machines remained the primary revenue driver, bringing in $874.5 million, constituting 67.8% of the total revenue for the month.
Slot revenue for March saw a 5.7% increase compared to February, reaching $827.6 million. However, only multi-denomination slots showed year-on-year growth in this segment.
Conversely, revenue from table, counter, and card games totaled $415.9 million, marking a 19.2% decrease from February’s figure of $514.6 million.
Despite a 36.3% decline in baccarat revenue, which dropped from $180.1 million to $114.7 million, baccarat remained the leading contributor among these games.
Despite the overall drop in March, Nevada’s gaming revenue for the fiscal year-to-date reached $11.92 billion, reflecting a 4.44% increase compared to the same period last year.
Nevada’s sportsbook revenue also experienced a decline in March, amounting to $29.8 million, a 37.8% decrease from the previous month.
Despite the presence of March Madness, basketball revenue reached $32.5 million, with football losses totaling $12.9 million, impacting overall profits.
Similarly, the Las Vegas Strip saw a decrease in revenue in March, generating $715.9 million, a 10.6% decline from February’s total of $800.7 million.
This figure also represented a 1.2% decrease compared to March of the previous year, which saw $724.6 million in revenue.
While slot revenues on the Strip increased to $401.4 million from the previous month’s $381.0 million, revenue from table, counter, and card games dropped to $314.4 million, over 25% lower than February’s total of $419.7 million.
Overall, including the Las Vegas Strip revenue, Clark County’s casinos generated $1.13 billion in March revenue, marking a 1.55% decrease compared to the same month last year.