September gaming revenue steers Nevada casinos toward another record-breaking year
Nevada casinos collected almost $1.25 billion in gaming revenue during September. Las Vegas Strip casinos recorded nearly $693 million in September gaming revenues. The state’s gaming industry is on track to shatter 2021”s single-year total of $13.4 billion. The Strip accounts for more than 55 percent of the state's overall gaming Revenue. Caesars Entertainment, MGM Resorts International and Wynn Resort will report their quarterly earnings next week. Clark County collected more $1000 million for the 12th time in the last 19 months.
Sparks casinos set a single-month gaming revenue record of $18.2 million. South Lake Tahoe casinos were closed for six days last year because of the Caldor Fire. The fire didn't reach any of their properties. The gaming revenues from 2021 to 2019 are less than 1%. It is the only market not exceeding the previous year's totals. In the last 20 years, the number of casinos in the Reno-Spartan area has declined by about 10%.
September events calendar in Las Vegas brought more than 3.35 million visitors to the city. The total is up 14 percent from a year ago. Through September, Las Las visitor volume is more that 28.6 million. Hotel occupancy is 83.1 percent. Average daily room rate is $187.
Nevada's sportsbooks recorded their second-highest all-time revenue month in September, collecting $70.6 million. The total was just shy of the $72 million recorded by sportsbook last November. Sports wagers totaled $760.8 million, a decline of 3.3 percent from a year ago. Mobile sports wagering accounted for 64. 6 percent of all sports bets.