Nevada casinos continue to win big in April

nevada casinos continue to win big

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Casinos in Nevada had another strong month in April with a reported $1.1 billion in winnings.

The Nevada Gaming Control Board released April figures earlier this week which showed that the casinos in the Silver State reported a total gaming win of $1,128,480,917 for the month.

Those numbers were an 8.57 percent increase when compared to winnings reported in April, 2021. Over the fiscal year, which runs from July 2021 to April 2022 in Nevada, revenues were up 48 percent over the previous year.

Not surprisingly, slots machines were the biggest moneymaker for casinos in April. The one-armed bandits won $804 millions from gamblers in April which was up around 1.3 percent compared with the previous year. The slot machine revenue was actually down slightly when compared to March, 2022 which saw the slots winning haul come in at more than $900 million, setting a new record.

Table game revenue saw a large increase in April when compared to the previous year. The $324.3 million won by tables games in April was a 32 percent increase year-over-year.

Online and retail sportsbooks reported $25.4 million in revenue in April which was a seven percent increase from the previous year. The betting handle was up 27 percent to $582 million. Online sports betting continues to dominate retail betting with nearly 75 percent of all sports bets being made online.

By posting billion-dollar winnings in April the Nevada casinos continued an unprecedented winning streak. That was the 14th straight month that the Nevada casinos have reported more than $1 billion in winnings, which has never happened before in the history of Nevada casino gambling.

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