Machines

Nevada Slots Earn Over $900 Million From Gambling…

The one-armed bandits won a historic amount of money thanks to the Nevada players. According to statistics released recently by the Nevada Gaming Control Board, slot machines statewide brought in $901.1 million to players in March.

In March, slots accounted for 7.5% of total wagers, implying that over $12 billion was wagered.

As reported by The Nevada Independent, citing an unnamed Nevada Gaming Commission source, slot machine revenue set a single month revenue record in Nevada.

Casinos on the Las Vegas Strip contribute about $396 million of the state’s $901.1 million in slot machine winnings. In March, slots in Strip casinos were more parsimonious than the rest of the state, accounting for 8.55% of all money wagered on them. Nevada does not allow online casinos, which means that slot machine revenue comes entirely from in-person gaming.

Slot machine revenue drove another banner month for the Nevada gaming industry. According to the NGCB, unrestricted gaming licensees recorded a total gain of $1.355 billion in March.

This represented a 26.83% increase from March 2021, when operators earned $1.068 billion in gaming revenue. The $1.355 billion in March of this year extended the length of the billion dollar months to 13 months and has never happened in Nevada history.