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!