Nevada records 3 per cent increase in gaming revenue in 2018’s third-best year in history

The Nevada Gaming Control Board (NGCB) has published the financial results for 2018. According to the report, the state generated US$11.9 billion in gaming revenues, which marks an increase of 3 per cent year on year.

This is the third-best year in terms of revenue generated, after 2007, which saw a revenue of US$12.8 billion, and 2006, which witnessed US$12.8 billion.

Sportsbooks received the highest revenue in history last year, having registered US$301 million in revenue and a record handle of US$5 billion. Nevada Gaming Control Board Senior Research Analyst Michael Lawton said that a continued increase of tourism and renovations taking place in state casinos will continue the upward trend in 2019.

Revenue from Strip casinos was approximately US$6.6 billion, a 2 per cent over the year increase, while Downtown Las Vegas facilities’ casino winnings rose 3 per cent to US$650 million.