“The two biggest challenges going forward include a potential covid resurgence, which would lead to closures, and the other concern is the U.S. “I don't see it stopping in the short term, but I want to see what happens with the economy,” he says. The state’s record for recording $1 billion-plus in monthly gambling revenue is eight months, which was recorded from November 2006 to May 2007, just before the Great Recession tore through the economy.īussmann says he thinks the recovery will continue cautiously for now.
The current seven-month rally is the second-longest streak of $1 billion-plus in monthly gambling revenue collected by the state. Gambling revenue increased 9.4% in September over the same month in 2019. In September, the state collected $1.2 billion in gaming revenue, marking the seventh consecutive month of $1 billion-plus in revenue. Statewide, Nevada is also continuing to hit records.
“It shows Vegas is not only back but shows its resiliency.” “It makes sense-there’s been tons of pent-up demand and the third quarter was kicked off with events in Vegas like Garth Brooks, Bruno Mars and the McGregor fight and it ended with the Raiders,” says Bussmann.
