Las Vegas Strip Broke Records In July For Profits
When it comes to making money for Nevada, the Las Vegas Strip is cleaning up.
It might seem shocking for those of us who live in Vegas and are always seeing how much money tourists win in our various casinos. But it looks now like those numbers are mere drops in the money bucket. Because our casinos just broke a record for how much money they pulled in this summer.
The record-breaking month was July. The Gaming Control Board released the news this week that approximately $1.4 billion was brought in statewide, 8newsnow.com reported. And the crazier thing is how much it shattered the previous record. That was from July 2021 when Nevada casinos “only” made $44million collectively. Beyond Las Vegas, that includes gaming occurring in Laughlin, Reno, South Lake Tahoe and Wendover.
And, of course, the Las Vegas Strip is a high earner when it comes to contributing to those numbers. The highest earner, actually. Bringing in $834.9 million of that total alone, according to 8newsnow.com. That broke the previous record made in December, which was $20.7 million lower.
With inflation and increased energy costs in Nevada, it might seem like people don’t have as much to spend on gaming. But those number show that people are not only still gambling, but doing so at increased rates. Of course, tourists are major contributors to the gaming population, especially on the Strip.
And Las Vegas is expecting even more tourists to come in. Both because the hot temperatures of summer are dwindling. And also because of so many new resorts and structures opening. Including the MSG Sphere, Fontainebleau (finally) and eventually the new A’s baseball stadium.
And since all this gaming revenue helps our economy and keeps residents from having to pay state taxes, we say the more the merrier!
Las Vegas Is About To Get A Ton Of Tourists This Year
MSG Sphere At Venetian
One of the world’s most technologically advanced entertainment venues is scheduled to open later this year. The Madison Square Garden Entertainment Corporation is currently fine-tuning their gigantic sphere at The Venetian. This thing will be unlike any other. Screens will surround the audience so they can see the show from all angles. Plus the seats are going to be programmable, which means patrons can control things like the wind and smells around them. It will attract music and technology lovers alike from all around the world.
Pro Bowl Games at Allegiant Stadium
The AFC vs NFC competition will be a weeklong celebration kicking off February 5. And of course this will be a preview for what’s to come next February when we host the Super Bowl.
The strip is turning into the autobahn
Germany’s federal highway known for its high speeds will have a worthy rival in Las Vegas. At least for one weekend. The Formula 1 Heineken Silver Las Vegas Grand Prix is coming November 16-18 and turning the strip into its personal racetrack. Many of the viewing packages are already sold out. And you can bet the rest of them will be fought over with tourists in the upcoming months.
Nevada's first Marijuana-Friendly Hotel
Nevada‘s first pot-friendly hotel is about to debut this spring. The Lexi Las Vegas will offer accommodations for the cannabis enthusiast, including an entire fourth floor basically devoted to hot-boxing. If you missed the details about the new project, check it out here. You can bet it will bring marijuana-lovers from all over the country.
Horror Theme Park at Area 15
Universal is bringing a permanent theme park to Las Vegas this year. It is inspired by their wildly popular Halloween Horror Nights. It will be located at Area 15. Here’s the details you might have missed.
Huge, and we mean HUGE concerts
Jonas Brothers in February. Taylor Swift in March. Red Hot Chili Peppers in April. Garth Brooks and Miranda Lambert in May. Carrie Underwood in June. P!nk and Madonna in October. And that’s just the tip of the music iceberg. With all these new venues opening, more and more musicians will follow.
Brand New Stations Casino Off Strip
Those crazy cats behind your favorite station casino is at it again. If you’ve driven around the Durango/215 bend lately, you’ve already seen it. The new Durango Casino & Resort is scheduled to open later this year with 200 new rooms for guests. It will also have gaming, a sportsbook, food court, four restaurants, convention space and a pool.
The Fontainebleau is happening (for real this time)
After years of being on hold, the Fontainebleau Las Vegas is finally looking to open their doors this year. The on-strip property will provide 3700 hotel rooms, gaming, shopping venues, restaurants and several pools for their many guests. There will also be a very large convention space for tourists and locals alike.
Music Festivals
Remember when it was just Life Is Beautiful? Then EDC became an annual event. Well now it’s also When We Were Young. And it’s just going to keep growing. Las Vegas is becoming more and more on the radar of places to host a music festival. This year look for EDC in May, Life Is Beautiful in September and When We Were Young in October.
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