Despite the legalization of gambling in many states throughout the country in recent years and the prospect of sports betting following a recent U.S. Supreme Court decision, Nevada remains a dominant force in the industry. Gaming companies in Nevada report roughly the same gaming revenue as the next four largest state markets (Pennsylvania, New Jersey, Louisiana and Illinois) combined. Nevada accounts for roughly 30 percent of all legal commercial gaming revenue in the United States, and the industry continues to grow.
Nevada’s gaming industry has had a strong start to 2018, registering gross gaming revenue of over $1 billion for three straight months. It is the first time that gross gaming revenue has surpassed the $1 billion mark in consecutive months since 2008, when a string of five straight billion-dollar months ended in April of that year. The combined revenue during the first quarter was 2.9 percent ahead of the first quarter of 2017, despite 2.1 and 3.4 percent decreases in the number of slot machines and table games statewide, respectively. Over the past 12 months, gaming revenue totaled $11.7 billion, an increase of 2.3 percent from $11.4 billion reported in the prior 12 months.
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