Gambling in the USA

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

Published

6 years ago

February 5, 2019

Niji Narayan

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

Photo Source: vox.com

Reading Time: < 1 minute

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.

Related Topics:

Up Next

Police cracks down illegal online gambling ring in Taiwan

Don't Miss

Totolotek becomes main sponsor for the Polish Cup Football

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.