ShareThe future definitely looks bright for Nevada casinos after the state’s gambling industry posted a record eighth month of $1bn+ in revenue. October’s figures showed a tie with a previous record set in 2006-2007 before the banking crisis took hold and hit the casinos hard.
Bright Future
As ever, this surge in the pandemic recovery has been driven by the famous Las Vegas Strip. $702.2 million out of a total of $1.22bn. Tourism is still down but it appears that domestic travel includes a greater number than expected of frustrated gamblers and holidaymakers after a year of lockdowns.3.39 million tourists visited Sin City during October, only 7.6% down from the same month in 2019. A fantastic recovery.
Nevada sportsbooks also brought in more than $1bn to casino coffers during the month, marking yet another new record. September’s $786.5 million was also a new record, indicating that following the 2018 federal reversal on the sports betting ban, the industry is ready to propel to new heights as the pandemic ends.
