Nevada Sports Betting Revenue to Reach $1.43B in 2023 Macao sees a significant increase in January
Sports gambling has grown rapidly in the United States since a 2018 Supreme Court decision that allowed states to regulate sports betting within their borders. Among the states known for casinos in America, Nevada is home to the famous city of Las Vegas. Outside the US, Macau is another destination that has seen an increase in sports betting activities.
Nevada and Macau, the two global gaming powerhouses, recently released their gaming revenue reports, revealing significant trends in the industry. Nevada saw record-breaking figures for December 2023 and the entire fiscal year, while Macau saw a sharp increase in January.
Ever since the Supreme Court's decision to legalize online casinos, Nevada has emerged as a powerhouse in both traditional casinos and online casinos, including crypto casinos.
Nevada record game revenue
In the year In December 2023, Nevada set a historic milestone with a record-breaking revenue of $1.43 billion, an increase of 9.04% over the previous year.
The state's gaming industry continues its upward trajectory in fiscal year 2023, reaching a record $15.5 billion in statewide revenue. Slot machines remained the primary revenue driver, accounting for $10.3 billion in gaming revenue. However, table, counter and card games showed a significant growth of 8.35%, outpacing the increase in slot machine revenue.
On the state front, Clark County saw a 9.75% increase in gaming revenue, to $1.27 billion, while Washoe County saw a slight decrease of 2.87%, to $80.4 million. In particular, Elko County stood out with an impressive 14.96 percent increase in gaming revenue to $36.4 million by 2023.
These regional differences reflect the diverse dynamics in Nevada's gaming landscape as the gaming industry continues to grow in the ‘Silver State', setting new standards and attracting visitors from around the world.
Macao's amazing growth
Outside of Nevada and the United States, Macau, often referred to as the “Las Vegas of the East” as a popular gaming destination in Asia, saw a 67 percent increase in gaming revenue for January 2024 compared to last year.
This increase reflects the resilience and resilience of Macau's gaming sector following the challenges faced by the pandemic. The positive momentum in Macau's gaming industry bodes well for its future prospects and will contribute to the vibrancy of the global gaming market.
