Vegas Picks Daily

Retail revenue declined slightly compared to Q3 of 2023, with a decrease of less than one percentage point. However, slot revenue increased by 1.3% to reach $9.1 billion (£7.23 billion/€8.67 billion) from the previous year, while revenue from table games fell to $2.42 billion, marking an 8.3% drop compared to 2023.

Among the 27 markets that have brick-and-mortar commercial casinos, 13 reported year-over-year revenue declines. In contrast, 14 markets experienced revenue growth, with an average increase of 8.5%, according to the AGA.

• Nebraska
  In August, Omaha, Nebraska's largest city, inaugurated its first casino, WarHorse Casino, which features 800 slot machines, 20 table games, a sportsbook, and over 110 simulcast screens. With the addition of the Omaha casino, Nebraska's Q4 revenue is expected to surpass its 2023 performance, particularly as WarHorse Casino in Lincoln expands its gaming offerings this month by adding 400 slot machines and 10 table games.
  Nebraska also ranked second among U.S. states for overall commercial gaming revenue growth from Q3 last year to Q3 this year, achieving a remarkable 74.7% increase. Only Oregon, with a growth rate of 77.5%, experienced a higher annual increase.


• Virginia
  Rivers Casino Portsmouth in Virginia has had an outstanding 2024, contributing significantly to Virginia's ranking as having the second-highest year-over-year retail casino revenue growth in Q3, which was approximately 9%. In August, the casino reported an impressive annual revenue increase of 23.7%, totaling $26.65 million.
  Looking ahead, Virginia's casino revenue is expected to rise further with the upcoming opening of the permanent Caesars Virginia in December, along with two additional casinos set to launch in Norfolk and Petersburg.


• Delaware
  While no new casino opened in Delaware during Q3 this year, one facility resumed a 24/7 gaming schedule, contributing to an annual revenue growth of nearly 8%. Bally’s Dover Casino Resort extended its operating hours to all day, every day in July for the first time since the COVID-19 pandemic prompted it to reduce hours. Bally’s followed Delaware Park Casino, which had already returned to around-the-clock gambling in January.
  Delaware's casino revenue is expected to continue growing, as Delaware Park Casino has begun construction on a 10,000-square-foot outdoor gaming area that will feature 250 slot machines and is set to open in spring 2025.

To continue reading, click here!

There were four more states that increased their retail casino revenue in Q3:

- Massachusetts
- Colorado
- Ohio
- Arkansas

On the flipside, 13 states had their year-over-year casino revenue shrink in 2024, with no state performing worse than New Mexico at nearly a 6% contraction.