There’s been concerns in recent months regarding a potential recession in the United States. If one is impending, Las Vegas hasn’t received the memo.<\/p>\n
Along with a strong three months on casino floors, officials at McCarran International Airport said total passenger volume was up 3.1 percent last month. More than 4.4 million passengers traveled through the hub.<\/p>\n
\n
Year-to-date, McCarran has accommodated 34.1 million arriving and departing passengers \u2013 a three percent premium on 2018. The airport has recorded volume increases in each of the previous 11 months, and is on pace to again record its busiest year on record.<\/p>\n<\/div>\n
The good news doesn’t stop there. The Las Vegas Convention and Visitors Authority (LVCVA) said August visitor volume totaled 3.56 million last month, a 0.7 percent bump. Convention attendance was responsible for the uptick, with 657,800 visitors arriving for business purposes. The LVCVA says visitor volume is now up 0.6 percent through eight months.<\/p>\n
Finally, the US Bureau of Labor Statistics says unemployment in the Las Vegas-Paradise metered market fell by 0.1 percent between June and July (4.8-4.7 percent). Statistics for August haven’t yet been published.<\/p>\n
Sportsbooks Win Big<\/b><\/h2>\n
Las Vegas Strip oddsmakers fared extremely well in August thanks to football. The sportsbooks kept more than $6.6 million, a whopping 111 percent jump.<\/p>\n
Statewide, sports revenue totaled $18.7 million (+48.7 percent). Oddsmakers scored a touchdown on football, with the sport accounting for $12.6 million. Baseball was next at $6.7 million.<\/strong><\/p>\nHowever, August 2019 further shows that New Jersey is becoming \u2013 or already has \u2013 the richest sports betting state in America. Garden State oddsmakers won $25.2 million last month.<\/p>\n","protected":false},"excerpt":{"rendered":"
Las Vegas is alive and well, as key data points reveal a robust economy in Southern Nevada. The August gross gaming revenue (GGR) numbers were released Friday, and showed that Las Vegas Strip casinos won more than $520.6 million last month \u2013 an 8.95 percent increase. That helped offset losses elsewhere in the state, as […]<\/p>\n","protected":false},"author":25,"featured_media":115913,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Las Vegas Gaming and Tourism Numbers Indicate Strong Economy<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n