The current seven-month rally is the second-longest streak of $1 billion-plus in monthly gambling revenue collected by the state. The state’s record for recording $1 billion-plus in monthly gambling revenue is eight months, which was recorded from November 2006 to May 2007, just before the Great Recession tore through the economy.“I don't see it stopping in the short term, but I want to see what happens with the economy,” he says.
But two things that can add buoyancy is the return of international travel to Las Vegas for vaccinated foreign nationals in November and the continued climb of business travel and conventions, says Bussmann. “Record slot play is filling that gap,” says Lawton. “This third quarter represents the highest slot win in The Strip's history.”
Sports betting is also doing its share across the state. Sports pools brought in $54.2 million in September, the third highest total of all-time. Sports pool drop of $786.5 million hit an all-time record set last year. Mobile sports wagers hit $495.1 million, with the state bringing in $16.7 million.
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