{"id":2656,"date":"2022-09-01T11:29:44","date_gmt":"2022-09-01T11:29:44","guid":{"rendered":"https:\/\/www.casinousa.com\/news\/?p=2656"},"modified":"2022-09-01T11:29:44","modified_gmt":"2022-09-01T11:29:44","slug":"nevada-casinos-hit-another-record-setting-revenue-month-in-july","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/nevada-casinos-hit-another-record-setting-revenue-month-in-july","title":{"rendered":"Nevada Casinos Hit Another Record-Setting Revenue Month in July"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/wp-content\/uploads\/2017\/02\/las-vegas.jpg\" alt=\"Las Vegas\" title=\"Nevada Casinos Hit Another Record-Setting Revenue Month in July\" width=\"300\" class=\"alignright size-full wp-image-631\" \/><strong>Summary<\/strong><\/p>\n<ul>\n<li>$1.31 billion was earned in July. <\/li>\n<li>Revenue is down 3.2% when compared to July 2021.<\/li>\n<li>Totals are over 28% higher than July 2019 which is pre-pandemic. <\/li>\n<\/ul>\n<p>Casinos in Nevada are living the high life. <a href=\"https:\/\/www.casinousa.com\/news\/nevada-casinos-collect-record-setting-gaming-revenue-totals-in-may\">Venues are seeing record earnings month after month<\/a> and July is no exception. The <strong>state recorded $1.31 billion in earnings for July<\/strong>, the fourth highest total in the history of gaming in the area. With the earnings, the state has hit over $1 billion for 17 months in a row. <\/p>\n<h2 id=\"beating-pre-pandemic-numbers\">Beating Pre-Pandemic Numbers<\/h2>\n<p>The totals from July are a bit down from the previous year by around 3.2%. However, the casino industry is outperforming itself from 2019, which is a big deal. The <strong>recent monthly total is 28.4% higher than July 2019<\/strong>, which is before the onset of the COVID-19 pandemic. <\/p>\n<p>This report means that casinos in Nevada have been able to get back to normal, earning more than they did before the pandemic began. <a href=\"https:\/\/www.casinousa.com\/states\">Casinos in other states across the country<\/a> have yet to be able to rebound in this manner. <\/p>\n<p>Analysts feel that even though the state was down a bit from last year, numbers still good. The <a href=\"https:\/\/gaming.nv.gov\/modules\/showdocument.aspx?documentid=18988\">July totals were a record setting number for the industry<\/a> as a whole and were the second highest ever for The Strip, which is another milestone. <\/p>\n<p>To date, <strong>Nevada casinos are up almost 16% when compared to last year revenues<\/strong>. The casinos have been seeing a high number in traffic and it is certainly helping the bottom line. <\/p>\n<h2 id=\"individual-area-revenue-totals\">Individual Area Revenue Totals<\/h2>\n<p>The <strong>Las Vegas Strip won $773.3 million in July<\/strong> which was a slight drop from the $792.6 million earned last year. Still, it is the second highest total in the history of the area, which is a major accomplishment. Local Las Vegas casinos did see a revenue drop of 3.3% from 2021 but were almost 10% better than July 2019 numbers. <strong>Downtown took the biggest hit this past month, dropping over 15% <\/strong> from July of last year to $60 million. <\/p>\n<p><a href=\"https:\/\/www.casinousa.com\/games\/slots\">Slot<\/a> volume was up at over $12 million in July, another record setting accomplishment. Card and table games dropped just under 2% with $476.4 million in earnings. Baccarat dropped over 13% with $138 million. <\/p>\n<p><a href=\"https:\/\/www.casinousa.com\/games\/sports-betting\">Sportsbooks<\/a> were up from last year surprisingly, bringing in just over $419 million for the month. While the amount of bets was higher the revenues did dip quite a bit at over 51%. Only $16.2 million was earned. This generated over $14 million in earnings for the state. <\/p>\n<p>It will be interesting to see how the state fares in the coming months and if this upward trend of revenue earnings will continue. <\/p>\n","protected":false},"excerpt":{"rendered":"Summary $1.31 billion was earned in July. Revenue is down 3.2% when compared to July 2021. Totals are over 28% higher than July 2019 which is pre-pandemic. Casinos in Nevada are living the high life. Venues are seeing record earnings month after month and July is no exception. The state recorded $1.31 billion in earnings [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,6,5],"tags":[],"class_list":["post-2656","post","type-post","status-publish","format-standard","hentry","category-news","category-financial","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nevada Casinos Hit Another Record-Setting Revenue Month in July<\/title>\n<meta name=\"description\" content=\"Casinos in Nevada have hit $1 billion in revenues yet again, marketing the 17th month running for that total.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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