Penny slots generated 9.8% of total slot win with $3.59 billion. Slot revenue made up 67.4% of total gaming win. Slot machines, the casino cash cow, generated $10 billion in revenue last year across Nevada. The Las Vegas Strip led the state in revenue last year with $8.28 billion, which is up 17% from $7.96 billion in 2021. Compared to 2019, the number of visitors to Sin City is still down nearly 9%. According to a report by the Las Vegas Convention and Visitors Authority, 38.8 million people came to the city in 2022, up 20.5% since 2021. But the strongest factor was a “steady demand” for gambling, Lawton says, by “resilient customers” who consistently chose to go to Vegas in the face of inflation, recession fears and rising fuel prices. A stocked events calendar and lingering effects of pandemic stimulus checks helped drive tourists to the Las Vegas. ![]() There are several forces that drove Nevada’s record year. ![]() The Las Vegas Strip set an all-time monthly record during the last month of the year with $814 million, which is up 25% compared to December 2021. “December came in much stronger than we had anticipated,” says Lawton. Nevada had actually eclipsed the 2021 record by November 2022, but December was a record-setter as well, with casinos reporting $1.3 billion in revenue.
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