Nevada Casinos Win $14.84B in 2022, Set All-Time Revenue Record

Nevada casinos won more than $14.84 billion in 2022, the state s all-time best year.

The Las Vegas Strip is seen on a gloomy, overcast day in December 2022. While the clouds might have been out, the action was sunny inside Nevada casinos throughout December and much of 2022. Nevada casinos won more than $14.8 billion in 2022, their best year in history. (Image: Las Vegas Review-Journal)

Casino gambling was legalized in Nevada in 1931. Silver State casinos never won more from gamblers than they did last year.

The Nevada Gaming Control Board (NGCB) revealed December 2022 and full-year numbers for the state s gaming facilities on Tuesday. The NGCB statistical filings include gaming income from the state s licensed casinos, sportsbooks, pari-mutuel wagering and race books, poker rooms and online poker rake, and gaming terminals inside restaurants and taverns.

Gross gaming revenue (GGR) in December topped $1.31 billion, which marked the 22nd month in a row where . The December haul represented a 14.3% year-over-year gain.

Slot machines accounted for $803.5 million, and table games and sports betting won about $510.9 million. Slot win climbed 2%, and table games surged more than 40% from December 2021.

The year-end finale was fueled by the Las Vegas Strip, which won more than $814.1 million. December 2022 was the Strip s all-time best month in terms of GGR. The $814.1 million was 25% higher or about $163.4 million than in December 2021.

Record Year

While December marked the best month ever for the Las Vegas Strip, the storyline from the NGCB report is that Nevada s casino industry is healthier than ever. Though inflation and increased overhead are eating into some of the record revenue, the as the pent-up, pandemic-induced demand for travel for business and leisure shows no sign of ending anytime soon.

The $14.84 billion won last year by the Nevada casinos and other gaming licenses is almost double the amount the state industry won in 2020. The quick bounce back from the coronavirus, some say, demonstrates the resiliency of the gaming industry.

Nevada s previous best GGR year was experienced in 2021, when state GGR totaled $13.42B. Last year easily bettered the former record by 10.6% or $1.42 billion.

Before 2021, the state s best GGR year was set in 2007, when gaming income totaled about $12.85 billion.