Nevada casinos riding hot streak, set new monthly win record
LAS VEGAS — Nevada casinos set another monthly winnings record last month, riding a streak of robust revenues that has the state reaping the tax benefit, state gambling regulators said Thursday.
Casinos statewide reported taking in a record $1.36 billion in July — the fifth straight month topping at least $1 billion and easily passing the record $1.23 billion set in May.
Nevada Gaming Control Board analyst Michael Lawton called July a “perfect storm for gaming win in terms of special events” in Las Vegas.
Last month had five weekends; benefited from the opening June 24 of the big Resorts World Las Vegas complex; hosted the return of several Cirque du Soleil shows and headline concerts; and experienced a sharp jump in baccarat play by international guests.
Lawton pointed to shows by entertainers Bruno Mars at the Park MGM, Usher at the Colosseum at Caesars Palace and Garth Brooks at Allegiant Stadium, a UFC event featuring Conor McGregor and Dustin Poirier at T-Mobile Arena, and the CONCACAF Gold Cup final between the United States and Mexico at the end of the month.
The soccer match drew about 61,500 fans to the first full-capacity sporting event at Allegiant Stadium since it was completed last year.
Nevada also benefited from a continuing increase in leisure visits by consumers with coronavirus stimulus money to spend, Lawton said.