Nevada Casinos Experience Biggest Boost In April, Highest In State's History
May 27, 2022
Nevada’s casinos left the month of April 2022 with the biggest April win ever in the history of Clark County and the Las Vegas Strip as reported by the state Gaming Control Board on Thursday.
The casinos gathered a whopping $1.13 billion last April continuing its 14-month lucrative streak in the state by winning another $1billion+ which has been happening consecutively since March last year. 85% of winning in the state was sourced from Clark County.
April 2022 total win in Nevada is about 8.6 percent higher than April 2021. But compared to March 2022, last month’s win was higher by about 23 percent. At the same time, the casinos, unfortunately, did not experience a double-digit increase in wins for the first time in a year.
“This month’s total win amount represents the highest April total gaming win recorded all-time for the state, Clark County and the Strip ... aided by a very robust event calendar in addition to the continued return of international visitors,” said Michael Lawton, senior analyst of the Gaming Control Board.
Compared to the same period in 2021, the gaming revenue of the first four months of 2022 has increased by 28.4 percent statewide, 33.5 percent in Clark County, and 51,5 percent on the Las Vegas Strip.
The Board said Nevada took $70 million as taxes on April casino winning. Casino’s tax is the second-highest revenue for Nevada at 17 percent since the state does not collect personal income tax. The first and major income source for Nevada is sales taxes.
International visitors, events
The state also sees international travel with the number of flights similar to its pre-pandemic state two years ago. Lawton reports the airports have served flights arriving and departing from Mexico, Canada, Panama, the Netherlands, Germany, Switzerland, and the United Kingdom.
Reid International Airport reported the number of international passengers going in and out of the state last April was similar to the same month in 2019. It was 4.26 million in April 2022 and 4.28 million two years ago just lower by about 200 thousand travelers than its pre-pandemic counterpart.
The number of international visitors last April was 200 thousand. It was vastly higher than the number of 31 thousand in April 2021 when overseas flights are restricted and limited as the pandemic is at its highest.
The Las Vegas Convention and Visitors Authority reported that 34 million tourists came to Southern Nevada in April 2022. The number is higher by 31 percent compared to April 2021 but lower by 4.5 percent to April 2019 pre-pandemic.
Lawton also said Las Vegas also held giant noteworthy events including hosting one of the biggest South Korean boy band BTS on the Strip. The musical event was held over four nights with tickets sold out on each one.
Las Vegas also held the National Association of Broadcasters event at the Las Vegas Convention Center and the National Football League draft at various venues.
Under the new ownership of the San Manuel Band of Mission Indians, the Palms Casino Resort reopened as well.