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To the surprise of absolutely no one, the Las Vegas Strip was the top U.S. gambling market in 2023, with the casinos there winning $8.83 billion, a 7.2% increase over 2022.
The nation’s commercial casinos generated $66.52 billion in 2023 — the third straight year of record performance — and a 10 percent increase from 2022.
MGM Resorts International pushed in all its chips on the Formula One Las Vegas Grand Prix. The company won big, producing 14 percent quarterly increases in Strip gaming and hotel revenue.
Higher administrative costs cut into casino profits in the 2022-23 fiscal year, the Nevada Gaming Control Board’s Gaming Abstract says.
The Nevada Appeal, the Silver State's oldest continuously run newspaper, first published on May 16, 1865.