Year-on-year profits are once again on the rise, but the gambling sector appears to have lost its strong 2022 momentum.
The gambling capital of the United States reported a 2.7% year-on-year increase in gambling revenue for April 2023. This positive result reflects the resilience and recovery of Nevada’s gambling industry despite ongoing challenges. However, lacking momentum means that the state’s winning streak may be nearing its end.
April marked another month with gambling revenues exceeding the $1 billion mark. Nevada casinos made $1.16 billion, a 2.7% year-on-year increase. The result was a notable drop compared to March’s $1.31 billion, but that decrease can primarily be attributed to seasonal trends. Overall, the state’s gambling sector remains healthy despite lacking momentum.
The gambling capital of the United States reported a 2.7% year-on-year increase in gambling revenue for April 2023. This positive result reflects the resilience and recovery of Nevada’s gambling industry despite ongoing challenges. However, lacking momentum means that the state’s winning streak may be nearing its end.
April marked another month with gambling revenues exceeding the $1 billion mark. Nevada casinos made $1.16 billion, a 2.7% year-on-year increase. The result was a notable drop compared to March’s $1.31 billion, but that decrease can primarily be attributed to seasonal trends. Overall, the state’s gambling sector remains healthy despite lacking momentum.
