Las Vegas Casinos See Record Revenue for Eighth Straight Month

Las Vegas casinos have reported over $1 billion in revenue for the eighth consecutive month, with October's figures tying a previous record set in 2006-2007. This surge in revenue has been driven by the famous Las Vegas Strip, which generated $702.2 million out of a total of $1.22 billion. Tourism is still down but it appears that domestic travel includes a greater number than expected of frustrated gamblers and holidaymakers after a year of lockdowns.

3.39 million tourists visited Las Vegas during October, only 7.6% down from the same month in 2019. Nevada sportsbooks also brought in more than $1bn to casino coffers during the month, marking yet another new record. September’s $786.5 million was also a new record, indicating that following the 2018 federal reversal on the sports betting ban, the industry is ready to propel to new heights as the pandemic ends.