Nevada casinos achieved a record-breaking slot machine revenue in October, despite an overall decline in gaming revenue. Slot machines at the state's 315 licensed facilities generated $932.3 million, marking a 4.2% increase from October 2023.

However, total gaming revenue dropped 2% to $1.286 billion compared to the previous year, marking the 44th consecutive month exceeding $1 billion. This decline was primarily due to:

• Table games and sports betting revenue fell 16%
• Baccarat revenue decreased 23% to $69.1 million
• Sportsbook revenue dropped 58% to $28.9 million
• Las Vegas Strip revenue declined 3% to $692 million

Some positive performance indicators include:

• Blackjack revenue increased 2% to $116.3 million
• Craps revenue rose 3% to $41.5 million
• Slot machine play volume increased 3.6%

Visitor statistics showed:

• Overall visitation decreased 1.8% to 3.56 million people
• Convention attendance dropped 13% to 559,000
• Airport traffic declined 3.5% to 5.3 million passengers

Through October 2024, Nevada's total gaming revenue reached $12.82 billion. To achieve a fourth consecutive year of record revenue, the state needs to generate $2.7 billion in November and December combined.

This slowdown in brick-and-mortar gaming revenue isn't unique to Nevada, with similar trends observed in other major gaming states including Iowa, Mississippi, Missouri, New Jersey, and Pennsylvania.

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