Nevada’s gaming win fell for the first time in months in March: NGCB report

The Nevada Gaming Control Board released a statement indicating a noticeable decline in gambling revenues in the state.

Winnings related to gaming have gone down by 13% in March in downtown Las Vegas casinos, if comparisons are to be made with the previous year in the month of March.  

In March, the downtown casinos generated slightly less than $76.2 million in gaming winnings, as reported by the Nevada Gaming Control Board. As of March 2023, the recorded amount was $87.4 million.

Nevada is renowned for its 444 prime casinos, which collectively generated just under $1.3 billion in game winnings in March, a decrease of 1.6% compared to the same month last year.

Strip casinos were responsible for bringing in almost $716 million via game winnings, a drop of 1% from March 2023. Casinos that the Boulder Highway in Las Vegas finds witnessed a downslide of 9%. 

Las Vegas-based Boyd Gaming, which runs Boulder Strip and downtown Las Vegas casinos, posted first-quarter earnings. Boyd disclosed that revenues at its local casinos in Las Vegas decreased to $225 million from $240 million in the first quarter of 2023, spanning the period from January 1 to March 31.

According to the gambling news, Boyd Gaming’s downtown casinos generated nearly $57 million in revenue during the first quarter of the previous year; by 2024, that figure had decreased to $54 million.

According to Keith Smith, President and CEO of Boyd Gaming, the downslide was caused by excessive competition. Durango Casino & Resort, located in southwestern Las Vegas, was launched in December by Station Casinos, another big player in the Las Vegas local casinos sector.

Scott Mitchell has done his bachelor's degree in journalism. He has also worked for many poker industries as a news editor and has excellent knowledge about casino games. He likes to play casino games and share his experience on social media.

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