Nevada gaming win was up 18% in January to $1.27B. Slot machine win was up 16%, while table, counter, and card game win rose 22.5%. Sports books saw flat win growth for the month at $50.4M. Baccarat was strong again with a 38% year-over-year jump to $89.9M.
Analysts with the Nevada Gaming Control Board noted that growth rates could slow this year against tougher comparables. “January and February of 2022 represent the softest comparisons the Strip will be facing for the rest of the year,” noted senior economic analyst Michael Lawton.
By region, the Las Vegas Strip was a bright spot again with 25.7% gaming win growth to $713.2M. Two Raiders’ home games, the highly-attended CES event and the World of Concrete conference all helped boost Strip traffic. Downtown Las Vegas saw 25.5% win growth in January to $84.9M, while Washoe County lagged with gaming win down 13.0% to $64.7M.
Sector watch: Caesars Entertainment (NASDAQ:CZR) +1.5%, MGM Resorts (MGM) +1.3%, Boyd Gaming (BYD) +2.2%, Wynn Resorts (WYNN) +3.2%, Las Vegas Sands (LVS) +2.2%, Full House Resorts (FLL) +0.8%, Bally’s Corporation (BALY) +1.7% and Red Rock Resorts (RRR) +0.8%.