Nevada casinos collect over $1bn in gaming revenue during May

29 June 2015

The Nevada Gaming Control Board has revealed casinos in the US state were able to generate more than $1 billion (€906 million) in gaming revenue during the month of May, the first time the feat has been achieved since December 2013.

Gaming revenue amounted to just over $1 billion, which represents an increase of 3.3% on the total achieved in the corresponding month last year.

The amount collected by casinos on the Strip totalled almost $601.2 million, up 1.4% on the previous year.

Multi denomination slot machines remain the main source of income for casinos in Nevada, with such games generating over $254.1 million in revenue during May.

One cent slot machines also proved to be a key source of income by generating more than $242.6 million in revenue, while blackjack, or twenty-one, is the most popular table game in the state, collecting $122.7 million in revenue.

Despite the state having reached the $1 billion mark for the first time since the end of 2013, analysts have highlighted that the year-on-year growth figures in May fall short of the results posted last year.

In May 2014m Nevada record a year-on-year jump in state-wide gaming revenue of 8.2%, while casinos on the Strip enjoyed a 17.3% hike in revenue. 

Related article: Nevada Governor signs new bills to boost sports betting industry