Zona de Azar USA – Nevada Sets Record for Gaming Revenue as International Travel Picks Up

USA.- December 30, 2021 www.zonadeazar.com Nevada set a record by surpassing $1 billion in gaming revenue for the ninth consecutive month in November. Analysts credit the return of international travel to Las Vegas in part for its strong numbers.

Sportsbooks also achieved a record win in November, as well as taking $1 billion in wagers in consecutive months for the first time in history.

Through 11 months, the state has generated $12.3 billion in total win, the third-highest total all-time with another month to go, according to Michael Lawton, a senior economic analyst for the state of Nevada. For 11 months of 2021, statewide gaming revenue is up 11.9% compared to 2019.

Pedestrians walk past Paris hotel/casino on Tuesday, Nov. 16, 2021. (Jeff Scheid/Nevada Independent)

The question remains whether that will continue as COVID cases pick up across the country. Large conventions such as the Consumer Electronics Show return next week.

The U.S. lifted its ban on international travel on Nov. 8 and for the month, nearly 120,000 international travelers visited Las Vegas, the most since casinos reopened in June 2020. There’s room to grow; November’s total was 60% below the 305,000 who came through in November 2019.

“Nevada continued to record gaming win amounts in excess of pre-pandemic levels in November,” Lawton said. “Customers from multiple market segments continued to support the strong demand for gaming across all areas. Demand is being buoyed by healthy consumer savings, the sustained rebound of leisure travel and the return of international flights (other than Canada and Mexico), which allowed vaccinated foreign nationals to travel to the United States beginning on Nov. 8. These factors, in addition to special events and entertainment, continued to propel gaming win past 2019 levels.”
The previous statewide record of eight consecutive months exceeding $1 billion occurred between October 2006 to May 2007.

Nevada sportsbooks won $72 million on wagers that totaled $1.1 billion. The win represents an all-time record, beating the previous record of $61.8 million in November 2020. Sportbooks have now recorded more than $1 billion in wagers in consecutive months. Prior to last month, this threshold had never been reached, Lawton said.

Edited by: @_fonta  www.zonadeazar.com