Mobile sports betting and iGaming-digital poker, slots and other online games-have helped keep the industry afloat, but in-person gambling at casinos are contributing to the industry’s record-breaking quarter and faster recovery. But year to date, the Strip is down 11% compared to the same time in June 2019, which means the tourist-dependent Strip still needs time to recover.Īccording to a report published by Fitch Ratings in early July, the Las Vegas Strip will fully recover in 2023, a full year earlier than the firm had previously anticipated.
The quarter is up 8.3% compared with the same quarter in 2019. Revenue from casinos on the Strip for second quarter of 2021 is the third highest of all time at $1.79 billion. While the Las Vegas Strip still needs convention business and international travel for a full recovery, American gamblers are spending enough money in Sin City to keep things afloat. The Silver State’s $3.46 billion in casino revenue during the second quarter marks the largest quarterly gaming win in the state’s history. According to the Nevada Gaming Control Board, the state collected $1.2 billion in gambling revenue in June, which was the fourth consecutive billion-dollar month and a 14.6% increase over June 2019. Nevada’s gambling industry has been on fire this year as it has beat all revenue records over the last four months.
