Document-breaking gaming revenue performances in Clark County and downtown Las Vegas and the best seemingly monthly revenue totals ever recorded statewide from slot machines paced gaming buy in March, the Nevada Gaming Administration Board said Thursday.
The 220 casinos in Clark County obtained $1.178 billion from gamers, 31.7 percent over March 2021, while downtown Las Vegas’ 22 properties obtained $86.4 million, up 22.6 percent from last year.
The total gaming buy in Clark County represents 87 percent of the affirm’s total gaming buy.
Inform gaming buy, the quantity casinos buy from gamers, topped more than $1 billion for the 13th consecutive month in March, to $1.355 billion, extending a file. The March total became as soon as the 2d-best seemingly monthly total in history.
The Administration Board said 446 casinos statewide obtained $903.1 million from gamers of slot machines in March, an all-time file. Slot buy increased 16.8 percent from last March and the quantity wagered on slots, $12 billion, became as soon as up 13.9 percent from a year ago.
March had the identical selection of weekend dates as last year.
Clark County also posted file slot buy for the month, and for the Strip, the total obtained became as soon as the third best seemingly in history.
Nine-month-veteran file shattered
The file performances shattered totals reached in July 2021, the earlier file month.
Administration Board Research Analyst Michael Lawton attributed the file efficiency to the tough calendar of particular events in March. He cited the NASCAR Weekend on the Las Vegas Motor Speedway, the Jorge Masvidal-Colby Covington UFC war at T-Mobile Arena, a bunch of faculty basketball tournaments at some level of the metropolis at some level of the month and the return of the veteran “March Insanity” college basketball event atmosphere returning after COVID-19 restrictions, in conjunction with preserving necessities, have been lifted in February.
The gaming buy announcement got here on the identical day that one in every of the ideal particular events in Las Vegas history — the cyber web hosting of the three-day NFL Draft — became as soon as position to begin.
Gaming buy figures are indispensable to the affirm due to taxes are collected from the buy totals. Nevada has a most 6.75 percent tax on infamous gaming revenue. In tax collections via Tuesday, the affirm obtained $97.6 million from casinos for March, a 0.9 percent invent better over the identical duration a year ago. Tax collections are up 30 percent to $808.9 million for the first 10 months of the 2021-22 fiscal year.
Document highlights
Other highlights from Thursday’s file:
— Internet from desk, counter and card games of $452.2 million increased 53.1 percent over March 2021 and the tumble — the quantity wagered at desk games — became as soon as up 44 percent over last year to $3.1 billion.
— Baccarat buy of $131.7 million increased 93.2 percent and baccarat tumble of $659.9 million increased 88.9 percent. The casino support percentage on baccarat became as soon as 20 percent when in contrast with 19.5 percent last year.
— Nevada sportsbooks obtained $36.9 million, down 6.2 percent from March 2021 due to a support percentage of 4.3 percent when in contrast with 6.1 percent last year. Gamblers wager $863 million on sports activities, up 34.7 percent from last year.
— Sports activities wagers made with cell apps obtained $19.1 million on $576.3 million wager for a support of 3.3 percent. Sports activities bets on apps represented 68.8 percent of all wagers.
— Baccarat buy on the Strip became as soon as $126.5 million, up 87.3 percent from a year ago. Baccarat tumble of $635 million became as soon as up 89.4 percent over March 2021, with a winning percentage of 19.9 percent when in contrast with 20.1 percent last year.
— Blackjack buy became as soon as up 68.1 percent for the casinos and the tumble became as soon as up 39.6 percent. Casinos obtained 13.3 percent of the time on blackjack in March when in contrast with 11.1 percent of the time a year ago.
— On the Strip, slot buy of $396 million became as soon as up 35.2 percent when in contrast with 58.4 percent in March 2021.
Gaming industry analyst Carlo Santarelli of Deutsche Bank’s Original York position of work said for both the Strip and the Las Vegas locals market gaming revenue numbers are up in March and for the first quarter of 2022 when in contrast with prepandemic March and first-quarter 2019.
In a file to traders, Santarelli wrote that March 2022 figures have been 35.2 percent better than in March 2019, and up 14.1 percent over the quarter on the Strip, and up 33.2 percent over March 2019 and 20.3 percent for the quarter in the locals market.
Contact Richard N. Velotta at [email protected]wjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.
