Nevada Casinos Win Big From Hosting Super Bowl LVIII

Las Vegas's bold gamble of hosting its inaugural Super Bowl paid off handsomely. Gaming revenue along the famous Strip soared by 12% to a staggering $800 million in February, setting a new record for the month.

Coupled with a robust convention schedule, this surge in revenue translated into an additional 300,000 visitors flocking to the city.

Moreover, the Super Bowl extravaganza contributed to a substantial increase in statewide gaming revenue. February witnessed a $105 million uptick compared to the previous year—marking it as the sixth-highest revenue month in Nevada's history.

Key highlights:

• The Nevada Gaming Control Board reported an 8.5% state revenue surge to $1.34 billion, up from $1.23 billion in February 2023.

• Baccarat winnings skyrocketed by 82%, boosting the Strip’s gaming win to $800.7 million — the fifth-highest in history.

• The Super Bowl weekend coincided with the Chinese New Year, amplifying gaming and tourism activity.

In February, there was a remarkable surge in table game credit issuance, reaching $1.9 billion, the highest since December 2014, as the Gaming Control Board reported.

This represented a 7.7% increase from the previous second-highest amount recorded in November 2023, showcasing strong momentum in gaming activity.

Michael Lawton, senior economic analyst for the Gaming Control Board, attributed this surge to a mixture of factors, including:

• The Super Bowl,

• Chinese New Year festivities,

• An extra day in February due to the leap year.

Combined, these elements significantly boosted gaming activity in Nevada and on the Las Vegas Strip.

Tourism and hospitality boom:

• Las Vegas saw a 9.5% rise in visitation, totaling 3.37 million visitors.

• Convention attendance jumped 15%, fueled by events like the National Association of Home Builders show.

• Performances by top artists such as Bruno Mars further energized the city’s entertainment scene.

Despite a larger room inventory compared to the previous year, hotel occupancy rates surged in February, reaching 83.9%, with gains seen across downtown Las Vegas and the Strip.

Comprehensive first-quarter revenue reports, including hotel earnings, are expected in late April and early May, offering a fuller picture of Las Vegas’s Super Bowl-driven success.