After suffering a tremendous blow caused by the pandemic, Sin City is finally back to its former glory. Actually, that might be an understatement. As per the latest Las Vegas revenue statistics, casinos in the city earned more money in 2022 than ever before.
Of course, Vegas will always be associated with gambling, but data indicates that people see much more than slots and table games in it. The data below provides all the insights you need to understand exactly how Las Vegas and its casinos generate their revenues and where the biggest portion of the money comes from.
Top 10 Las Vegas Revenue Statistics and Facts
Three of the top 20 largest gaming markets by revenue in the USA are located in Las Vegas.
Four out of the top six casino companies in the world are headquartered in Las Vegas.
The state of Nevada generated $14.8 billion in gaming revenue in 2022.
33.21% of the total non-slot revenue in the state of Nevada in 2022 was generated on blackjack tables.
The Las Vegas Strip generated $8.2 billion in gaming revenue in 2022.
35.73% of the total non-slot revenue in the Las Vegas Strip in 2022 was generated by playing baccarat.
The state of Nevada made $40.5 million in gaming revenue per day in 2022.
51.8% of the total revenues earned by the 19 casinos in the Las Vegas Strip were non-gaming revenues.
The MGM resorts in the Las Vegas Strip generated only 23.4% of their revenues with gaming.
Only 8% of visitors cite gambling as their main reason for visiting Las Vegas.
General Las Vegas Revenue Statistics
The state of Nevada generated $14.8 billion in gaming revenue in 2022.
The total gaming revenue generated in the USA in 2022 was $60.4 billion, which means Nevada generated almost one-fourth of it.
While Silver State is undoubtedly the one with the largest gaming revenues in the country, Pennsylvania is in second place with $5.3 billion, and New Jersey is in third with $5.2 billion.
(American Gaming)
The Las Vegas Strip generated $8.2 billion in gaming revenue in 2022.
It’s no secret that the largest part of the Las Vegas revenue is generated by gaming, but what’s more interesting is that the Las Vegas Strip alone generated almost 13.6% of the entire gaming revenue in the USA.
It is by far the largest gaming market in the country, followed by Atlantic City, which generated $2.7 billion in the same year.
(American Gaming)
Three of the top 20 largest gaming markets by revenue in the USA are located in Las Vegas.
In addition to the Las Vegas Strip, the Boulder Strip, with a revenue of $966.6 million, and Downtown Las Vegas, with a $787.1 million revenue, also made the list.
Besides the Las Vegas gambling revenue, a large portion of Nevada’s revenue is generated by gaming in Reno-Sparks, where the gaming profits in 2022 reached $910 million.
(American Gaming)
46.62% of the revenue generated by Nevada casinos is done through gaming.
The latest data reveals that less than half of the revenue generated by casinos in Nevada statewide is generated by gaming. The larger portion of the money comes from rooms (22.19%), food (12.95%), drink (7.26%), and other expenses (10.98%).
However, this market share varies considerably from one market to another. Namely, Las Vegas casino revenue statistics show that gaming only generated 37.63% of the revenue in Las Vegas Strip casinos.
In Washoe and Downtown Las Vegas casinos, the share of revenues generated through gaming is close to half, or 51.17% and 54.88%, respectively.
In the Boulder Strip, on the other hand, 70.59% of the revenue is generated from gaming.
(UNLV)
Four out of the top six casino companies in the world are headquartered in Las Vegas.
According to the latest available data on global casino company revenues, all top six companies are from the US, and five are from Nevada.
Data on Las Vegas casino revenue indicates that MGM resorts (headquartered in Vegas) had the largest annual revenues of $5.6 billion.
Caesars Entertainment, based in Reno, made $4.46 billion, while Las Vegas Sands casinos generated 3.61 $billion.
The only US company not based in Nevada that made the list is Penn National Gaming, with $3.58 billion in revenues.
Lastly, Boyd Gaming and Wynn Resorts, both headquartered in Las Vegas, round up the top six, with revenues of $2.18 billion and $2.1 billion, respectively.
(Statista)
Las Vegas Gaming Revenue Statistics
Nevada's total gaming-generated revenue in December 2022 was $1.3 billion.
The largest percentage, or 61.94%, of Nevada’s gaming revenue was generated in the Las Vegas Strip, where casinos generated $814 million.
$83 million, or 6.35% of the total, was generated in Washoe casinos, while Downtown Las Vegas casinos generated another $68 million, or 5.23% of the total.
Boulder Strip casinos made $63 million from gaming, which is a 4.85% share of the statewide gaming revenue.
(UNLV)
61.13% of the total gaming revenue in Nevada in December 2022 was generated by playing slots.
Las Vegas monthly revenue statistics reveal that the total slot revenue for December 2022 in the state of Nevada was $803 million, while the remaining $510 million, or 38.87% of the total revenue, was generated by other casino games.
By market, in the same period, $405 million were spent on slots in the Las Vegas Strip, $70 million in Washoe, $54 million in the Boulder Strip, and $41 million in Downtown Las Vegas.
The Las Vegas revenue breakdown also shows that the Las Vegas Strip was the only market that generated more revenues from other games, rather than slots, with $409 million.
Conversely, Downtown Las Vegas made $27 million, Washoe made $12 million, and the Boulder Strip only made $8.9 million from non-slot games in the same month.
(UNLV)
35.73% of the total non-slot revenue in the Las Vegas Strip in 2022 was generated by playing baccarat.
According to the latest data on Las Vegas gaming revenue by year, the Las Vegas strip earned $1.1 billion from baccarat in 2022, making it the game that generated the largest portion of the entire non-slot revenue in the market that year.
The game twenty-one generated another $999 million, or 31.20% of the total share, another $379 million (11.84%) was generated by playing roulette, and $318 million (9.95%) were generated on craps tables.
(UNLV)
33.21% of the total non-slot revenue in the state of Nevada in 2022 was generated on blackjack tables.
The 2022 Las Vegas annual revenue data indicates that all the blackjack tables in the state of Nevada collectively generated $1.29 billion in revenue throughout the year.
The non-slot game with the second-largest contribution of 30.22% was baccarat, where $1.17 billion were spent.
$455 million, or 11.71% of the total revenue, was generated on roulette tables, and another $447 million, or 11.48%, was spent by players who played craps.
(UNLV)
The state of Nevada made $40.5 million in gaming revenue per day in 2022.
The above figure is an average based on the $14.8 billion Nevada made from gaming in that year.
The Las Vegas revenue per day adds up to $22.4 million for the Las Vegas Strip, $2.6 million for the Boulder Strip, and $2.1 for Downtown Las Vegas.
Of course, these are not the actual figures, as the actual daily revenues fluctuate considerably, but when the total revenues are divided by 365, these are the averages we are left with.
(American Gaming)
Data on Las Vegas Non-Gaming Revenue
Only 8% of visitors cite gambling as their main reason for visiting Las Vegas.
A recent survey shows that less than one in ten Las Vegas visitors cited gambling as the main reason for their visit.
The largest portion of them, or 52%, said they were on vacation, 16% say they were visiting a friend or a relative, and an equal share of 6% said they were there on business or for a special event.
(LVCVA)
51.8% of the total revenues earned by the 19 casinos in the Las Vegas Strip were non-gaming revenues.
The average casino revenue for that year was $457 million, $107 million of which, or 23.5%, were generated by renting rooms.
The average casino made about $50 million, or 11% of its annual revenue, from selling food, and another $29 million, or 6.5%, from drinks.
Additionally, the Las Vegas Strip casinos made an average of $49 million in revenue from other expenses, which are not related to gaming, rooms, food, or drinks.
(UNLV)
The MGM resorts in the Las Vegas Strip generated only 23.4% of their revenues with gaming.
Data on Las Vegas revenue by casino reveals that MGM generated $499 million in gaming, and $1.5 billion in non-gaming revenues.
Similarly, Caesars Las Vegas casinos generated $827 million in non-gaming, and $315 million in gaming revenues, which account for 27.6% of its total revenues.
Finally, Wynn Las Vegas casinos generated $135 million, or 24.1% of its total revenue, from gaming, while generating another $426 million in non-gaming revenues.
(The Motley Fool)
The Summary
Historical data indicates that the gaming revenue, as a share of the total revenue of Las Vegas casinos, has been gradually decreasing for a long time. The Las Vegas non-gaming revenue has accounted for the bigger share of the total every year since 2005, except for 2021, and yet the gaming revenue set a new record in 2022.
While this phenomenon can partially be explained by inflation, the fact remains that people love spending in Vegas. Whether they are spinning the reels, throwing the dice, or simply enjoying the city lights, Sin City has something to offer for everyone’s pocket.
Practice Responsible Gambling
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Establish a budget: Set yourself a financial limit before you start betting. Adhere to this budget strictly and do not chase losses.
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Emotionless decision-making: To ensure responsible gambling, it is crucial to detach emotions from the betting process. Recognise that luck plays a role, and that heightened emotions can lead to poor choices. Take a pause.
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Understand the risks: Gain comprehensive knowledge about the potential risks associated with betting. Acknowledge that the odds generally favour the house and approach betting as entertainment, rather than a reliable source of income.
Do not borrow to bet: Refrain from borrowing funds for betting purposes. This practice can lead to financial distress and a cycle of debt. Only utilise disposable income for betting.
Seek assistance when necessary: If you or someone you know is grappling with gambling addiction, do not hesitate to seek support from dedicated organisations or helplines. These resources provide valuable assistance, guidance, and access to relevant tools for overcoming gambling-related challenges.
| Support Site Name | Website |
|---|---|
| GambleAware | www.gambleaware.co.uk |
| National Gambling Helpline | www.begambleaware.org |
| Gamblers Anonymous UK | www.gamblersanonymous.org.uk |
| GamCare | www.gamcare.org.uk |
| Gambling Therapy | www.gamblingtherapy.org |
| Gamstop | www.gamstop.co.uk |
| Gambling Commission | www.gamblingcommission.gov.uk |
