Record year for Nevada casinos in 2022Following the Prohibition period in the United States, during which alcohol and gambling, among other things, were banned, Nevada became the first US state to reauthorize casinos in 1931.

Since then, Nevada’s land-based casinos have never made as much money as they did in 2022.

Last year, they won more than $14.84 billion, a new all-time record.

The 22nd consecutive month of over $1 billion in December 2022

On Tuesday, January 31, 2022, the Nevada Gaming Control Board (NGCB) released the state’s land-based casino results for December 2022.

Gross gaming revenue reached $1.31 billion , marking the 22nd consecutive month in which it exceeded $1 billion. This figure is also up 14.3% from the same month in 2021.

In December 2022, slot machines generated $803.5 million (up 2%) and table games plus sports betting $510.9 million (up more than 40%). Once again, the Las Vegas Strip casinos led the way in Nevada.

They earned more than $814.1 million, which also stands out as a monthly record. This result is 25% higher than in December 2021.

An increase of 10.6% compared to the previous record of 2021

In 2022, Nevada’s land-based casinos generated over $14.84 billion in gross gaming revenue. This is a remarkable performance that proves the industry is healthier than ever.

These results represent nearly double those of 2020, which reached only approximately $7.87 billion due to the international Covid-19 coronavirus pandemic. They are also up 10.6% from the previous record of $13.42 billion set in 2021.

For the record, the best performance so far was recorded in 2007 with gross gaming revenue of approximately 12.85 billion dollars.

20 of 23 Nevada markets to grow in 2022

The state of Nevada groups casinos into market segments based on their geographic location. During 2022, almost all of these markets saw growth. Of the 23, only three declined: Clark County Boulder Area, Nye County, and White Pine County. The latter two are small markets in the state.

This is not the case for the Clark County Boulder Area, which has emerged as a key market for the overall health of Nevada’s gaming industry. It still generated $965.8 million in gross gaming revenue in 2022.

Elsewhere in the state, casinos brought in more revenue than in 2021. The Clark County Las Vegas Strip Area sector grew the most, bringing in $7.75 billion, an 18% year-over-year increase.