Nevada casino win on track to break all-time annual record after ninth straight month over $1B

Nevada casinos set a record in November for the most consecutive months winning more than $1 billion from players, the Nevada Gaming Control Board reported Wednesday.

Gaming properties around the state reported a win revenue in November of $1.32 billion — up from $1.22 billion in October, and just under the all-time monthly record $1.36 billion figure set last July, according to new figures from the Nevada Gaming Control Board.

More than half of that came from the Las Vegas Strip, which had a gaming win of $755 million, more than double what was posted in November last year.

Overall, Clark County casinos reported a win of $1.16 billion last month. Nevada collected $93.55 million in percentage fees based on the taxable revenue generated in November.

Michael Lawton, a senior economist with Nevada’s Gaming Control Board, told the Washington Post that he expects 2021 to break Nevada’s record for annual casino winnings, set in 2007. The state’s casinos already have recorded $12.3 billion in the first 11 months of the year — just $550 million short of the record.

Lawton said the state’s gambling industry has been buoyed over the past year by “healthy consumer savings, the sustained rebound of leisure travel and the return of International flights (other than Canada and Mexico), which allowed vaccinated foreign nationals to travel to the United States.”

Last month, Lawton said, spending also was bolstered by the return of conventions and special events, including concerts by Sting and the Rolling Stones. Two hotly anticipated boxing matches and a pair of Las Vegas Raiders home games also provided betting opportunities.