2018 becomes Nevada’s third-best year in history
Casinos in the state posted US$11.9 billion in revenues in 2018, surpassing the numbers from the previous year.
US.- The Nevada Gaming Control Board (NGCB) released the financial results for full 2018, which indicate that last year was Nevada’s third-best year in history as the state reported US$11.9 billion in revenues.
The US$11.9 billion also represents a 3% increase when compared to 2017’s results, and marked the fourth consecutive year of growth for casinos in Nevada. The best performance casinos had in the state was in 2006, when they reported US$12.6 billion, and 2007, which surpassed the previous year and totaled US$12.8 billion.
Despite being the third-best year, sportsbooks had their best performance in history with a record 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% over the year increase, while Downtown Las Vegas facilities’ casino winnings rose 3% to US$650 million.
