Despite Covid, Nevada’s casinos had an historically healthy year in 2021—the state reported a record $13.4 billion in gambling revenue.
The total gaming jackpot last year also beat prepandemic numbers in 2019 by 11.6%, according to the Nevada Gaming Control Board. The last all-time high was in 2007 when the state reported $12.8 billion in gaming revenue.
Michael Lawton, a senior research analyst for the Nevada Gaming Control Board, says that revenue increased last year across all areas of Nevada, with 11 out of 18 gambling markets setting gambling revenue records in 2021.
“The reasons for the record level of gaming win recorded this calendar year began with the successful rollout of vaccines, which eliminated capacity restrictions on the gaming floor,” says Lawton.
Once restrictions were lifted, pent-up demand for gambling propelled Nevada on a record ten-month streak of more than $1 billion in monthly revenue. “This demand was being driven by healthy consumer savings as the result of stimulus payments and the sustained rebound of leisure travel,” says Lawton. “Additionally, the return of special events and entertainment continued to boost gaming win to record levels.”
Read the full story on Forbes: https://www.forbes.com/sites/willyakowicz/2022/01/27/nevada-hits-all-time-record-of-134-billion-in-gambling-revenue-in-2021/?sh=114bb48f168b
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Nevada Hits $13.4 Billion In Gambling Revenue In 2021, An All-Time Record | Forbes