Nevada Gambling Industry Maintains Billion Dollar Numbers in May
In our latest in gambling industry news, lets talk about the world’s most popular gaming market, Nevada. This May, the Nevada gambling industry manages to maintain its billion-dollar winning streak, generating more than $1 billion for the 15th straight month. In addition, special events such as high profile boxing events and the like, brought in more crowds in state casinos and gaming venues.
According to the numbers released by the Nevada Gaming Control Board, state operators all report a total gaming win of $1.3 billion for May. This is 5.7% higher than May 2021’s $1.23 billion. It is also 32.4% higher than $984.5 million in May 2019, way before the pandemic hit the world. This is a great sign for many who want to start a profitable business with a pay per head software. Not only is the industry recovering from the pandemic, but it is also surpassing pre-pandemic performance by a large margin.
Nevada Gambling Industry
As many in the industry know, iGambling insider or gambling operator, Nevada is one of the biggest gambling markets in the country. The East coast may prove to be healthy competition, especially New York and New Jersey. But Nevada is unique because the state gets so much wagering activity from both online and retail gambling companies. Vegas strip casinos reported $731.5 million in gaming revenue, 11.6% higher than May’s $655.4 million back in 2021.
Meanwhile, those into sports betting will also be pleased to see that online sports betting also saw growth. Wagering was up by 23.6% to $16.4 million. Baseball was the biggest draw in May, collecting $12.1 million in wagers, with basketball coming in second at $9.6 million. With most major sports leagues in the off season, the numbers for sports betting will increase as we move towards fall and the winter season.
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