F1 GP drives Nevada gambling revenue growth in November
The Las Vegas F1 Grand Prix provided Nevada’s operators with a healthy amount of growth in November of 2023.
The Las Vegas Formula 1 Grand Prix was held in mid-November and provided the city’s entertainment firms with lots of opportunities as over 300 thousand fans attended the prestigious race. The event enabled the state’s gambling firms to generate 1.37 billion dollars in revenue throughout the month, representing an over 12% year-over-year increase for the market, with slot machines generating the most revenue at 868.8 million dollars.
In contrast to the gambling market’s growth, the state’s slot terminals experienced a slight decline of just over 0.25% year-over-year. Nevada’s table game operators, on the other hand, experienced an almost 45% increase in their revenues over the month, generating over 500 million dollars in November.
Breaking down the state’s figures by its counties, Clark County, where Las Vegas is located, generated the most revenue in the month at 1.2 billion dollars and experienced more growth than the state average at over 14%. Gambling businesses located on the Las Vegas Strip, meanwhile, generated just over 820 million dollars in revenue and experienced over 22% growth in the month.