Las Vegas casinos have reported record revenue figures for the second straight year despite rising inflation and Covid-19 surges. Figures released on Tuesday by the Nevada Gaming Control Board revealed that Las Vegas giants, such as Caesars Entertainment and MGM Resorts, raked in a total of US$8.29 billion in 2022, a 17% increase compared to 2021. Similarly, statewide Nevada gaming revenue was up 11% and hit US$14.8 billion.
Local Economy Experiencing Record Employment Levels
The gaming control board stated that Nevada “continued to benefit from the surging demand for leisure travel.” The gaming regulator also reported that employment figures have never been as high as they are now and that the local economy was “healthy.”
Despite conventions and Las Vegas trade shows not contributing to revenue as they did before the pandemic, Bloomberg reported that Las Vegas managed to bounce back thanks to the federal stimulus funds and the wide range of special events organized in the city.
Another thing that should encourage Las Vegas casinos is that despite online betting becoming legal in many US states, domestic and international travellers continue to flock to the US gambling capital. Also, as these latest figures show, gamblers and travellers are prepared to spend big to make those Vegas visits all the more memorable.
Relevant News

Unregulated Simulation Casino Games in Australia: A Breeding Ground for Problem Gamblers?
Unregulated Simulation Casino Games in Australia Australians are spending hundreds of millions of dollars annually…

Voters in Liechtenstein Reject Casino Ban
The microstate of Liechtenstein will continue to be known as the Las Vegas of the…

Texas Voters to Decide on Legalizing Casinos
State representatives from Texas have been pushing for the legalization of gambling in The Lone…

A Ferris Wheel and a Casino Near the UN
As the race for the three New York City casino licenses heats up, new and…

Montreal Player Triggers $3 Million Jackpot
A lucky Montreal gambler won more than CA$3 million (US$2.24 million) after he was dealt a royal…

PA Casinos | US$5.2 Billion in Revenue in 2022
The gambling industry in Pennsylvania broke all revenue records in 2022. The 16 casinos operating…
Login
Register