{"id":266535,"date":"2023-03-28T13:45:50","date_gmt":"2023-03-28T18:45:50","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=266535"},"modified":"2023-03-29T11:47:28","modified_gmt":"2023-03-29T16:47:28","slug":"nevada-casinos-extend-1b-winning-streak-to-24-months","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/","title":{"rendered":"Nevada Casinos Extend $1B Winning Streak to 24 Months, February Revenue Hits Record"},"content":{"rendered":"

In February, Nevada casinos continued their unprecedented run of winning at least $1 billion off gamblers. Last month’s statewide gaming haul of more than $1.23 billion marked the 24th consecutive month that gross gaming revenue (GGR) eclipsed the $1 billion mark.<\/p>\n

\"Nevada
Las Vegas revelers have fun on Fremont Street in February 2023. Nevada casinos have won more than $1 billion off of gamblers in each of the past 24 months. (Image: Getty)<\/figcaption><\/figure>\n

Before February 2021, Nevada casinos had never won a minimum of $1 billion in more than eight consecutive months, which was experienced back in October 2006 through May 2007. Michael Lawton, the senior economic analyst for the Nevada Gaming Control Board (NGCB), said $1 billion a month<\/a> in net casino win is the new norm for the world’s richest gaming jurisdiction.<\/p>\n

\n

I think after 24 consecutive months you could safely say it is,”<\/strong> Lawton said about the historic win streak.<\/p>\n<\/blockquote>\n

The state’s $1.23 billion February GGR represented a more than 11% year-over-year increase. It was 22% richer than pre-pandemic February 2019, when the state casinos won $1.01 billion.<\/p>\n

Viva Las Vegas<\/b><\/h2>\n

Clark County, home to Las Vegas, has single-handedly topped the 10-digit plateau in 10 consecutive months, and for 17 out of the past 24 months. The county won $1.07 billion in February, a nearly 14% improvement from February 2022.<\/p>\n

The Las Vegas Strip, the most important segment in Clark County and the state gaming industry, reported February 2023 GGR of about $712.5 million. That was almost 19% stronger than a year ago.<\/p>\n

\n

Lawton said many are now waiting to see if the Strip itself can top the $1 billion mark. The drag came closest in December, when GGR on S. Las Vegas Blvd. topped $814.1 million.<\/p>\n<\/div>\n

“I think there is interest if the Strip on its own could hit the billion-dollar amount,” Lawton said of the momentum.<\/p>\n

High inflation, a rattled stock market, and a sense of global unease due to China and Russia strengthening their relationship while the US defends Ukraine present an array of uncertainty for the world’s economic outlook. But despite the many uncertainties, Nevada casinos<\/a> have shown no signs of business slowing or deteriorating.<\/p>\n

\n

Obviously, there is a lot of economic uncertainty, however, that uncertainty has not spilled over into the record gaming win amounts we have witnessed over the last two years,”<\/strong> Lawton explained.<\/p>\n<\/blockquote>\n

A slowdown could be on the horizon. Reservation management platform SevenRooms helps many leading casino operators handle their resort bookings. The company’s client list includes MGM Resorts, Wynn Resorts, and The Cosmopolitan.<\/p>\n

SevenRooms this week cautioned that US travel and leisure bookings are trending downward. No-shows and cancellations have also increased recently, the firm said.<\/p>\n

Airport Record<\/b><\/h2>\n

The return of major conventions and exhibitions has rendered Harry Reid International Airport extremely busy in recent months.<\/p>\n

Las Vegas’ primary commercial air hub reported record passengers last month, as nearly 4.2 million travelers were processed. February 2023 was 25% busier than February 2022.<\/p>\n

\n

China’s lifting of “zero-COVID” has allowed mainlanders to once again travel internationally. LAS airport officials said international counts more than doubled last month, with the terminal facilitating travel for about 203K foreign passengers.<\/p>\n<\/div>\n

Domestic travel continues to rebound, too. Harry Reid International facilitated 3.9 million domestic passengers in February, a 22.5% year-over-year gain.<\/p>\n","protected":false},"excerpt":{"rendered":"

In February, Nevada casinos continued their unprecedented run of winning at least $1 billion off gamblers. Last month’s statewide gaming haul of more than $1.23 billion marked the 24th consecutive month that gross gaming revenue (GGR) eclipsed the $1 billion mark. Before February 2021, Nevada casinos had never won a minimum of $1 billion in […]<\/p>\n","protected":false},"author":25,"featured_media":266546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,81886],"tags":[84148,82124,23,85634],"acf":[],"yoast_head":"\nNevada Casinos Extend $1B Winning Streak to 24 Months<\/title>\n<meta name=\"description\" content=\"Nevada casinos in February continued their unprecedented run of winning at least $1 billion off gamblers in gross gaming revenue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nevada Casinos Extend $1B Winning Streak to 24 Months\" \/>\n<meta property=\"og:description\" content=\"Nevada casinos in February continued their unprecedented run of winning at least $1 billion off gamblers in gross gaming revenue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-28T18:45:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-29T16:47:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/8e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/\",\"url\":\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/\",\"name\":\"Nevada Casinos Extend $1B Winning Streak to 24 Months\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/8e.jpg\",\"datePublished\":\"2023-03-28T18:45:50+00:00\",\"dateModified\":\"2023-03-29T16:47:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Nevada casinos in February continued their unprecedented run of winning at least $1 billion off gamblers in gross gaming revenue.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/8e.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/8e.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Las Vegas revelers have fun on Fremont Street in February 2023. Nevada casinos have won more than $1 billion off of gamblers in each of the past 24 months. (Image: Getty)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Las Vegas\",\"item\":\"https:\/\/www.casino.org\/news\/las-vegas\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Nevada Casinos Extend $1B Winning Streak to 24 Months, February Revenue Hits Record\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\",\"name\":\"Devin O'Connor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"caption\":\"Devin O'Connor\"},\"description\":\"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nevada Casinos Extend $1B Winning Streak to 24 Months","description":"Nevada casinos in February continued their unprecedented run of winning at least $1 billion off gamblers in gross gaming revenue.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/","og_locale":"en_US","og_type":"article","og_title":"Nevada Casinos Extend $1B Winning Streak to 24 Months","og_description":"Nevada casinos in February continued their unprecedented run of winning at least $1 billion off gamblers in gross gaming revenue.","og_url":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-03-28T18:45:50+00:00","article_modified_time":"2023-03-29T16:47:28+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/8e.jpg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/","url":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/","name":"Nevada Casinos Extend $1B Winning Streak to 24 Months","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/8e.jpg","datePublished":"2023-03-28T18:45:50+00:00","dateModified":"2023-03-29T16:47:28+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"Nevada casinos in February continued their unprecedented run of winning at least $1 billion off gamblers in gross gaming revenue.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/8e.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/8e.jpg","width":1200,"height":800,"caption":"Las Vegas revelers have fun on Fremont Street in February 2023. Nevada casinos have won more than $1 billion off of gamblers in each of the past 24 months. (Image: Getty)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/nevada-casinos-extend-1b-winning-streak-to-24-months\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Las Vegas","item":"https:\/\/www.casino.org\/news\/las-vegas\/"},{"@type":"ListItem","position":3,"name":"Nevada Casinos Extend $1B Winning Streak to 24 Months, February Revenue Hits Record"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.","sameAs":["https:\/\/www.linkedin.com\/in\/devinoconnor\/","https:\/\/x.com\/CasinoorgDevinO"],"url":"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/266535"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=266535"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/266535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/266546"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=266535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=266535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=266535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}