Las Vegas Revenue Statistics: Key Insights & Trends [2024]

What happens in Vegas stays in Vegas—except for the Las Vegas revenue statistics we’ve gathered for you.

If games of fortune are your thing or at least arouse your curiosity, then you’re likely to be absorbed by the digits presented here. They’ll give you a deeper understanding of the world of casinos, betting, and gaming, both in this fascinating city and beyond. 

So, what are you waiting for? Let’s begin!

Highlights of the Article

• Nevada’s casino revenues plummeted by $6 billion due to COVID-19.
• In the 2011–2020 period, the total statewide revenue was the lowest in 2020. 
• Highest revenue was from Twenty-One, with a total of $643 million in 2020.
• Stats for July–December 2020 had a statewide total win decrease of 24.02%.
• Gaming win was down in June 2020 by 45.5% compared to 2019.
• Las Vegas Sands revenue for the last quarter in 2020 was $1.146 billion.
• Only 7% of Las Vegas visitors are there to gamble.
• Casinos on the Las Vegas Strip won around $354.7 million in September 2020.
• In 2020, payroll costs had decreased by $215 million since 2019.
• In 2018, the average gambling budget per trip was $527.05.

Nevada Gambling Revenue Statistics

In the first section, we’ll share some casino industry statistics from this state. You’ll find out more about the industry’s overall revenue, significant year-over-year changes, as well as COVID-19’s impact on Nevada’s gambling scene.  

1. In the 2011–2020 period, the total statewide revenue was the lowest in 2020. 

(UNLV Center for Gaming Research)

In 2011, the total Nevada Gaming revenue equaled $855,664. In December 2019, this number went up to $1,057,603, but a year later, it dropped by 35.35%—equaling $683,733. Therefore, it’s safe to say that last December was a negative one for the city’s gaming revenues.

2. Nevada casinos’ revenue plummeted by over $6 billion due to COVID-19, as Las Vegas gaming revenue stats show.

(The Nevada Independent)

As stated in a recent Gaming Control Board report, Nevada’s gaming industry revenue in FY 2020 witnessed a significant drop to $18.3 billion. This number indicates a 25.2% decrease from FY 2019, when the revenue totaled $24.5 billion.

3. Stats on Nevada gaming revenue by year show a 34.6% decline in 2020.

(iGB)

Because of the virus outbreak, the state’s gaming revenue declined to $7.87 billion in 2020. The given annual total is said to be the lowest one seen in the last 25 years. 

4. Las Vegas revenue statistics show that the largest source of revenue in 2020 was Twenty-One, with a total of $643 million.

(iGB)

The second most profitable table game was Baccarat with $604.3 million in revenue, down by 42.5%.

Nonetheless, a greater amount of money was bet with Baccarat than Twenty-One ($5.35 billion vs $4.59 billion, respectively.

5. Casino revenue statistics for July–December 2020 reveal a -24.02% year-to-year change in the statewide total-win numbers.

(UNLV Center for Gaming Research)

Meanwhile, Las Vegas Strip’s total win decreased by 38.71%, Downtown LV’s by 19.29%, while Boulder Strip’s and Washoe County’s total wins dropped by 6.47% and 4.37%, respectively.

During these six months, the total statewide win was $4,598,537.

6. Nevada gambling revenue stats show that gaming win was down in June 2020 by 45.5% compared to the year before.

(8 News Now)

Gaming win was down in March 2020 by 39.6%, while in November, it was down by 18%. Moreover, the gaming tax in November was almost $50 million for the given fiscal year, implying a 16% increase since 2019.

Las Vegas Gaming Revenue Statistics – A Look at Individual Casinos

Now that you’ve gotten some important general info, we can give you a little “tour” of the city’s casinos, their success rates. We’ll also give you a little glimpse of how well they’re handling the ongoing financial crisis brought on by the pandemic.   

7. In 2020, Las Vegas Sands revenue for the quarter ending on December 31 was $1.146 billion.

(Macro Trends)

Additionally, stats on Las Vegas revenue by year reveal that this figure succeeded a mountainous 67.34% decline compared to 2019.  

8. In 2020, Las Vegas Sands revenue totaled $3.612 billion.

(Macro Trends)

Although this figure seems gigantic, it’s actually 73.71% lower than it was in 2019. That year, Las Vegas Sands annual revenue reached a whopping $13.739 billion (an increase of 0.07% since the year before).

9. Vegas casino revenue stats reveal that last September, LV Strip casinos reached a $354.7 million GGR.

(Casino.org)

Unfortunately, this figure also represented a YOY decline of over 39%. As mentioned previously, the occurring declines are a consequence of the pandemic. The number of gamblers has dropped sharply and various conventions have been put on hold. 

10. As Las Vegas casino revenue statistics show, FY 2020 was marked by a $215 million YOY decrease in payroll costs.

(The Nevada Independent)

The payroll decrease was actually connected to the employment rate drop throughout the given period. In fact, the average number of workers in all departments decreased by 26,140—to 135,926.

11. The Las Vegas Strip casinos were the most affected ones in Nevada.

(The Nevada Independent)

In fact, these casinos, many of which have a history as long as Las Vegas itself, witnessed the largest drop in revenue from 2019–2020, no less than 26.7%. On the other hand, Las Vegas casino revenue stats show that the Las Vegas Strip achieved a most remarkable YOY percentage growth of 162.1% in profit.

Stats and Facts About Las Vegas Gamblers

Las Vegas’ gambling industry wouldn’t be what it is without its people. This last segment will therefore help you learn more about the numbers of people who gamble, who the average gambler is, and what LV casinos they tend to visit.

12. Only 7% of Las Vegas visitors are there to gamble.

(Play Nevada)

In fact, data about 2018 shows that before the COVID-19 outbreak, 45% of the city’s visitors went there for pleasure or vacation. Still, those plans didn’t necessarily exclude casinos, since 74% of total visitors also claimed they gambled while in the city.

13. Facts on gaming revenue in Las Vegas show that in 2018, the gambling budget per trip equaled $527.05 on average.

(Play Nevada)

The average Las Vegas visitor spends 4.4 days and 3.4 nights in the city. Based on estimates, this comes out to just over $130 to gamble per day. Contrary to popular belief, we can see the average person doesn’t spend an entire fortune on gambling. 

14. 73% of people remained on the Vegas Strip, according to Las Vegas gaming revenue statistics from 2017.

(Play Nevada)

The same year, however, 40% of the total players visited downtown Las Vegas to gamble. This figure indicated a noteworthy increase of 31% compared to 2015.

15. In 2018, around 75% of the revenue in MGM’s Las Vegas area came from non-gambling businesses.

(Play Nevada) (The Wall Street Journal)

According to annual Las Vegas casino revenue statistics, people began moving away from gambling during the nineties. As a matter of fact, 1999 was the year when non-gaming revenue was greater than that of gambling for the first time.

Conclusion

Overall, the above given Las Vegas revenue statistics clearly show the city’s gambling scene has been heavily affected by the coronavirus pandemic. Hopefully, things will change for the better, and Las Vegas will get back on its feet once again.

Let us know how you liked these stats in the comment section below and if you have your own predictions for Las Vegas revenue statistics for 2022!