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Nevada: First half of year finishes on strong note

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2024-07-31

Nevada: First half of year finishes on strong note

Nevada closed out the first half of 2024 with gains in gaming revenue in Las Vegas, though the northern part of the state struggled.

Nevada generated $1.28 billion in gaming revenue in June, up 3.2% from $1.24 billion in June 2023, according to the Nevada Gaming Control Board.

Casinos that cater to local residents paved the way with a 6.2% increase over June 2023 and for the second quarter rose 9%, according to Deutsche Bank.

The Las Vegas Strip showed no signs of slowing with $758.5 million in revenue, up 4.2% from $727.3 million in June 2023. It rose 4.8% for the second quarter compared to the second quarter of 2023.

Downtown had an ever higher gain, a 5.8% increase to $66.2 million, up from $62.5 million.

The Boulder Strip rose 2.2% to $73.2 million, up from $71.6 million in June 2023.

Mesquite rose 3.5% to $13.8 million, up from $13.3 million. Laughlin posted $37.5 million, a decline of about 1% from $37.8 million.

In northern Nevada, Reno fell 7% from $69 million to $64.1 million. Sparks fell 12.8% from $15.3 million to $13.4 million. South Lake Tahoe fell 12.5% from $22 million to $19.2 million.

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