Las Vegas Strip Wins The Gaming Revenue Crown For 2023
When it comes to gaming revenue, the Las Vegas Strip reigns supreme. Once again in 2023, this famous street’s occupants pulled in way more cash from gamblers than any other gaming location in America. In fact, the Strip reports the highest year-over-year revenue gains in the nation. That’s according to the latest report from AmericanGaming.org.
Nevada Places Four Gaming Hubs In America’s Top 20
Without a doubt, the Strip had a great year in 2023, logging a 7.2% increase in gaming revenue over 2022. Las Vegas Boulevard casinos report over $8.8 billion dollars in gaming revenue in 2023. Not only did the Las Vegas Strip easily outpace the number two gaming location of Atlantic City, New Jersey, but Nevada also places three other gambling hubs in the U.S.A.’s top 20.
For example, the Boulder Strip took the 10th spot in 2023, reporting over $973 million in gaming revenue. Furthermore, AmericanGaming.org shows the Reno/Sparks area in 13th place. Our neighbors to the north report $911 million bucks in gaming revenue, which is relatively flat over 2022. Finally, Downtown Las Vegas ranks 17th, up 3.1% at $811 million in gambling receipts.
Here’s How American Casinos Are Raking In Billions In Gaming Revenue
The AmericanGaming.org report goes on to show that gaming receipts are rising nationally too. In fact, America’s casinos raked in a record $66.5 billion dollars in 2023. For instance, traditional “brick-and-mortar casino slots and table games grossed a record $49.4 billion in 2023.”
As you might imagine, sports betting revenue is way up. Now that sports betting is legal in 37 states and the District of Columbia, casinos across the nation are reporting record sportsbook revenue. Per the AmericanGaming.org report, total handle is up by close to 28%, and sportsbook revenue is up by a whopping 44.5%.
Finally, the internet gaming sector, or iGaming, is also showing major increases in 2023. There are six states with legal online casino gambling, and their gaming revenue shows gains of close to 23%.
Younger Gamblers Are Fueling The Increase In Gaming Revenue
It is interesting to note that the average age of casino patrons continues to decrease. Before the pandemic hit at the end of 2019, the average age of casino visitors was close to 50 years old. That average age has dropped every year since. For 2023, the average age of our nation’s casino patrons is 42 years old, per AmericanGaming.org. So, it seems the gaming industry still has a very bright future.
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The Luckiest Casino In Las Vegas: 7 Places To Put Your Money
Are those Vegas casinos getting the best of you? Well, maybe you’re just not picking the right ones to gamble at. A new study has revealed the luckiest casino in Las Vegas, and you might want to check it out next time you’ve got some extra playing money.
A “loose slots” sign on a marquee is illuminated in gold letters with a dollar sign in the middle. It is surrounded by a red border and gold lights. Many casinos in Las Vegas try to draw players in with similar marketing.
Many casinos try to get gamblers in their doors with big promises of winning. Phrases like “big jackpot” and “loose slots” have become common place on those billboards you see on the Nevada freeways. And not much time goes by before there’s another headline about a tourist landing a jackpot in Las Vegas.
New Study Reveals The Luckiest Casino In Las Vegas
Usually it’s just dumb luck when someone wins at a Vegas casino, but there’s a new study out that suggests there might be a little more skill than we previously thought. And that skill might come even before a player sits down at their first table. The casino they choose to play at in Vegas matters too.
Related: Bed Bugs Reported At 7 Las Vegas Hotels And Strip Resorts
At least according to this study posted on casino.org. Which involved gathering information from TripAdvisor to compile a list of casinos people seem to win at the most.
The study collected 2,867 reviews in November 2023 that included words like won, lucky and jackpot. They then researched where the reviewers won and compiled a list of casinos in Vegas that produced the most winners.
Casinos In Las Vegas Revealed As Unluckiest
A man in a white button-up shirt leans against his arms on a slot machine upset about a loss. All Las Vegas casinos have slots but not all of them pay out.
Now, while this is not a complete list of everyone who has won or lost in a Vegas casino, it gives interesting insight. Specifically when it comes to which Vegas casinos have been the luckiest for TripAdvisor users. And which have been downright busts.
According to the study, the most unlucky Vegas casino is Resorts World. With only 0.78% of reviewers saying they had any luck playing there.
Next unluckiest was Wynn Las Vegas, with only 1.72% of reviewers having success. STRAT, Planet Hollywood, and Luxor also fell into the bottom five. All with less than 3.52% of reviewers saying they got lucky.
Falling in the middle at neither luckiest nor unluckiest were the casinos at Mandalay Bay, New York New York, and Bellagio. They all had less than 4% of reviewers getting lucky at their tables.
The Luckiest Casino In Las Vegas: Top 7 To Spend Your Money At
Those are some big names on the Las Vegas Strip. And it may just be that more players means a lower average of winners. But, according to these reviews, these casinos are the ones you want to play at if you want to get lucky in Vegas.
7. Caesars Palace
Caesars Palace Exterior
According to the study, 4.13% of TripAdvisor reviewers had luck at Caesars Palace. And they weren’t just talking about finding great food in the Forum Shops.
6. MGM Grand
MGM Grand Hotel & Casino
Coming in second in the list of luckiest casinos in Vegas is the MGM Grand. 4.24% reviewers from TripAdvisor said they got lucky in this casino.
5. Treasure Island
Treasure Island Resort
Treasure Island…T.I….whatever we’re calling it these days, feel free to call it lucky. 4.34% of TripAdvisor reviewers did.
4. Cosmopolitan Of Las Vegas
Cosmopolitan of Las Vegas on the Strip
It’s not just beautiful views you’ll get inside the Cosmopolitan of Las Vegas. According to 4.36% of reviewers, you’ll also get lucky in the casino.
3. ARIA
Aria Resort & Casino
If you’re feeling a little on the fancy side, try your hand at the Aria. It might land you some winnings, according to 5.55% of reviews.
2. Venetian
Venetian Las Vegas
You don’t have to go to Madame Tussauds to see a celebrity. 5.92% of reviewers say you have a chance to feel like one when you play at Venetian.
1. Mirage
The Mirage
And the luckiest casino in Las Vegas, according to experiences of TripAdvisor reviewers, is the Mirage. 6.03% of the 2,867 reviews indicated having luck there. Might be worth a visit on your next gambling trip!
Larry Martino is the long-time afternoon drive personality on 96.3 KKLZ. The views and opinions expressed in this blog are those of Larry Martino and not necessarily those of Beasley Media Group, LLC.
