With the iconic Las Vegas Strip generating a staggering $8.86 billion in gaming revenue alone last fiscal year, a figure representing over half of Nevada's statewide win, it's clear that the city's vibrant casino industry isn't just surviving but thriving with a powerful economic impact that extends far beyond the gaming floor.
Key Takeaways
- In fiscal year 2023, the Las Vegas Strip casinos reported a total gaming revenue of $8.86 billion, representing 56.7% of Nevada's statewide gaming win
- Nevada's commercial gaming industry generated $15.61 billion in gross gaming revenue in 2023, with Las Vegas accounting for over 70% of that figure
- The Las Vegas locals' market saw gaming revenue of $2.81 billion in 2023, a 4.1% increase year-over-year
- The Las Vegas gaming industry employed 193,000 workers directly in 2023, representing 25% of Clark County workforce
- Strip resorts supported 162,400 jobs in 2023, including 45,000 dealers and attendants
- Average hourly wage for casino dealers in Las Vegas was $22.50 in 2023, plus tips averaging $50k annually
- Las Vegas welcomed 40.8 million visitors in 2023, with 23% citing gaming as primary activity
- Average length of stay for Las Vegas visitors was 3.7 nights in 2023
- International visitors to Las Vegas numbered 1.9 million in 2023, up 15% from 2022
- Las Vegas Strip had 31 major casinos with 98,580 slot machines in 2023
- Table games on the Strip totaled 5,912 in 2023, down 2% from peak
- Average slot machines per Strip casino: 3,175 in 2023
- Las Vegas gaming revenue projected to grow 6.2% to $16.8 billion statewide in 2024
- Strip market share expected to hold 57% of Nevada gaming through 2025
- Sports betting projected to exceed $10 billion handle on Strip by 2025
Las Vegas gaming thrives, posting record revenue and supporting a massive workforce.
Employment and Labor
- The Las Vegas gaming industry employed 193,000 workers directly in 2023, representing 25% of Clark County workforce
- Strip resorts supported 162,400 jobs in 2023, including 45,000 dealers and attendants
- Average hourly wage for casino dealers in Las Vegas was $22.50 in 2023, plus tips averaging $50k annually
- Gaming industry unemployment in Las Vegas was 4.1% in late 2023, down from 2020 peaks
- Women comprised 48% of Las Vegas casino employees in 2023, with higher shares in hospitality roles
- Over 15,000 new gaming jobs were added in Las Vegas in 2023, mostly in table games and slots
- Unionized workers numbered 60,000 in major Strip properties in 2023, under Culinary Union contracts
- Slot technicians employment reached 4,200 in Las Vegas 2023, amid machine upgrades
- Surveillance staff in Las Vegas casinos totaled 3,500 in 2023, up 15% for compliance
- Cage cashiers and tellers employed 2,800 across Strip casinos in 2023
- Executive and managerial gaming positions grew 8% to 1,200 in 2023
- Part-time gaming service workers hit 25,000 in Las Vegas peak season 2023
- Average tenure for Las Vegas casino employees was 7.2 years in 2023, highest in table games
- Diversity: 42% Hispanic workers in Las Vegas gaming 2023
- Training programs graduated 2,500 new dealers in Las Vegas in 2023 via community colleges
- Benefits coverage reached 85% of full-time gaming employees in 2023, including health insurance
- Overtime hours in gaming industry averaged 12% of total in busy 2023 periods
- Remote gaming support jobs emerged with 450 positions in Las Vegas tech hubs 2023
- Seasonal hires for conventions added 10,000 gaming-adjacent jobs in 2023
- Labor costs represented 42% of Strip casino operating expenses in 2023
- Pit bosses and supervisors numbered 5,200 on the Strip in 2023
- Compliance officers in gaming totaled 1,100 in Las Vegas 2023
- Turnover rate for entry-level gaming jobs was 28% in 2023, improved from prior years
- Asian workers made up 12% of gaming employment in Las Vegas 2023
- Online gaming customer service employed 800 in Las Vegas offices 2023
- Sportsbook operators and traders: 1,200 jobs in 2023 peak betting season
- Maintenance staff for gaming floors: 3,000 positions in 2023
- HR specialists in gaming industry: 900 employed in Las Vegas 2023
Employment and Labor Interpretation
Even when you account for the pit bosses watching the watchers, the union reps negotiating for the dealers, and the HR team managing it all, one thing is clear: Las Vegas runs not just on luck, but on the remarkably stable, diverse, and sprawling workforce of nearly 200,000 people who make the house always win.
Gaming Equipment and Facilities
- Las Vegas Strip had 31 major casinos with 98,580 slot machines in 2023
- Table games on the Strip totaled 5,912 in 2023, down 2% from peak
- Average slot machines per Strip casino: 3,175 in 2023
- Downtown Las Vegas featured 3,450 slots and 312 tables in 2023
- Locals' market casinos operated 45,200 slots across 50 properties in 2023
- High-limit gaming salons had 2,100 machines on the Strip in 2023
- Video poker machines numbered 28,500 in Las Vegas 2023, 29% hold rate
- Poker rooms had 85 tables across Las Vegas in 2023, led by Bellagio
- Sportsbooks covered 150,000 sq ft total space in Las Vegas 2023
- Electronic table games reached 1,200 units on the Strip in 2023
- Stadium wagering terminals: 450 installed in Las Vegas casinos 2023
- Gaming floor space on Strip averaged 100,000 sq ft per property in 2023
- New slot installs: 4,500 machines added Strip-wide in 2023
- Blackjack tables: 2,450 on Strip, 1,020 locals in 2023
- Roulette wheels: 850 traditional, 650 electronic in Las Vegas 2023
- Craps tables totaled 620 across major markets in 2023
- Baccarat pits featured 280 tables on Strip in 2023
- Skill-based games: 350 machines trialed in Las Vegas 2023
- ATM machines on gaming floors: 2,200 in Strip casinos 2023
- Self-service betting kiosks: 1,800 deployed in 2023
- Progressive jackpot slots: 12,000 linked machines in Las Vegas 2023
- Cage windows: 450 across Strip for transactions in 2023
- Smoking lounges with slots: 15 areas covering 20,000 sq ft in 2023
- Mobile betting apps integrated in 28 casinos, serving 5 million sessions 2023
- VIP gaming salons: 45 rooms on Strip with private slots/tables 2023
- Nevada gaming licenses issued: 245 for key employees in Las Vegas 2023
Gaming Equipment and Facilities Interpretation
While the Strip dazzles with nearly 100,000 slot machines and VIP salons, the real story of Las Vegas in 2023 is a calculated, omnivorous adaptation, where a slight dip in traditional tables is quietly offset by thousands of new digital installs, sprawling sportsbooks, and the silent, relentless hum of a locals' market operating almost half the city's slots, proving the house always wins by evolving faster than the guest's imagination.
Market Trends and Projections
- Las Vegas gaming revenue projected to grow 6.2% to $16.8 billion statewide in 2024
- Strip market share expected to hold 57% of Nevada gaming through 2025
- Sports betting projected to exceed $10 billion handle on Strip by 2025
- Online gaming revenue forecast: $300 million annually in Nevada by 2026
- Slot revenue growth rate: 3.5% CAGR through 2028 in Las Vegas
- Table games decline projected at 1.8% annually to 2027 due to electronic shift
- Visitor numbers to hit 45 million by 2026, driven by international rebound
- Non-gaming revenue to surpass gaming at 55% of total resort income by 2027
- High-limit Asian gaming market to grow 12% yearly through 2025
- Tribal casinos near Vegas to capture 5% more market share by 2028
- AI surveillance adoption in 80% of casinos by 2025, reducing fraud 25%
- Cashless gaming penetration to reach 40% of slots by 2026
- Esports betting handle projected $500 million annually in Vegas by 2027
- Sustainability initiatives to cut energy use 20% in casinos by 2030
- Hotel supply growth: 10,000 new rooms by 2027 on Strip
- Labor shortage to ease with 20,000 new hires via automation aids by 2026
- Crypto payments tested in 10% of casinos by 2025
- VR gaming lounges in 15 properties by 2026
- Female gambler participation up 15% to 55% by 2028
- Downtown revitalization to double revenue by 2030
- Sports franchises to add 2 million themed visitors yearly by 2027
- Regulatory changes for skill games approval by 2025
- Post-pandemic recovery complete, 110% of 2019 revenue by 2025
- Locals' market stabilization at $3 billion annual revenue through 2028
- Mobile-first millennials to drive 30% gaming spend growth by 2030
- Formula 1 race to boost annual visitors 500,000 starting 2024 onward
- Data analytics ROI projected 25% higher efficiency in marketing by 2026
- Expansion of airport capacity to support 65 million passengers by 2028
Market Trends and Projections Interpretation
Even as the Vegas Strip brilliantly diversifies into a behemoth of sports, spectacle, and cashless convenience, the old soul of the city—a slot machine's reassuring clatter—continues to patiently out-earn the frantic decline of the green felt table, proving that while the house always wins, it’s now a far more high-tech, sustainable, and internationally-flavored house.
Revenue and Earnings
- In fiscal year 2023, the Las Vegas Strip casinos reported a total gaming revenue of $8.86 billion, representing 56.7% of Nevada's statewide gaming win
- Nevada's commercial gaming industry generated $15.61 billion in gross gaming revenue in 2023, with Las Vegas accounting for over 70% of that figure
- The Las Vegas locals' market saw gaming revenue of $2.81 billion in 2023, a 4.1% increase year-over-year
- Downtown Las Vegas casinos achieved $1.12 billion in gaming win for 2023, up 12.3% from the previous year
- Slot machine revenue on the Las Vegas Strip reached $6.47 billion in 2023, comprising 73% of total Strip gaming revenue
- Table games on the Las Vegas Strip generated $2.39 billion in 2023, with blackjack contributing 42% of table drop
- Non-gaming revenue for Las Vegas Strip resorts exceeded $12.5 billion in 2023, driven by rooms and food & beverage
- Las Vegas gaming taxes paid to the state totaled $942 million in fiscal 2023, funding education and infrastructure
- The Las Vegas Convention Center contributed indirectly to $1.2 billion in gaming revenue via conventions in 2023
- Online gaming revenue in Nevada hit $215 million in 2023, with Las Vegas operators dominating 85% of iGaming market share
- Sports betting handle on the Las Vegas Strip reached $6.8 billion in 2023, generating $517 million in revenue
- Hotel room revenue on the Strip averaged $220 per occupied room in 2023, contributing to $4.8 billion total
- Food and beverage revenue for major Strip resorts summed to $3.2 billion in 2023, up 8% from 2022
- Retail sales in Las Vegas casinos exceeded $1.1 billion in 2023, boosted by luxury brands
- Entertainment ticket sales at Strip venues generated $850 million in 2023, led by residencies
- Gaming revenue per square foot on the Strip averaged $2,450 in 2023, highest in the U.S.
- Clark County gaming win totaled $13.2 billion in 2023, 84% from Las Vegas proper
- Baccarat drop on the Strip was $12.4 billion in 2023, with house win of 1.06%
- Craps revenue on the Strip reached $285 million in 2023, recovering post-pandemic
- Roulette win for Strip casinos was $210 million in 2023, with European roulette gaining popularity
- Poker revenue in Las Vegas dipped to $145 million in 2023 amid online competition
- Race and sports book revenue statewide was $680 million in 2023, 76% from Las Vegas
- Adjusted gross revenue for Nevada gaming was $15.38 billion in 2023 after deductions
- Las Vegas Strip occupancy rate averaged 91.2% in 2023, driving ancillary gaming spend
- Average daily room rate on the Strip rose to $248 in 2023, boosting overall resort revenue
- Gaming win from international visitors contributed 28% of Strip total in 2023
- High-limit slot revenue on the Strip exceeded $1.2 billion in 2023
- Video poker hold percentage averaged 7.2% across Las Vegas in 2023
- Tribal gaming in Nevada near Las Vegas added $45 million to regional revenue in 2023
- Total Nevada gaming revenue per capita was $4,820 in 2023, largely Las Vegas-driven
Revenue and Earnings Interpretation
The Strip may glitter with a gambler's fortune, making nearly nine billion dollars appear and disappear in a flash, but Nevada's true winning hand is a full house of tourists whose spending on everything but games utterly dwarfs the take from the tables and slots.
Visitor Numbers and Tourism
- Las Vegas welcomed 40.8 million visitors in 2023, with 23% citing gaming as primary activity
- Average length of stay for Las Vegas visitors was 3.7 nights in 2023
- International visitors to Las Vegas numbered 1.9 million in 2023, up 15% from 2022
- Gaming spend per visitor averaged $325 during Las Vegas trips in 2023
- Weekend occupancy for Strip hotels hit 97% in 2023 peak months
- Convention attendees totaled 4.2 million in Las Vegas 2023, 60% gambled
- Drive-in visitors from California comprised 28% of Las Vegas total in 2023
- Air arrivals to Las Vegas airports reached 57 million passengers in 2023
- Repeat visitors accounted for 65% of Las Vegas gaming tourists in 2023
- Female visitors to Las Vegas rose to 52% in 2023 demographics
- Average age of Las Vegas gamblers was 49.3 years in 2023 surveys
- High-rollers (over $10k spend) numbered 250,000 in Las Vegas 2023
- Group tour visitors contributed 12% of gaming volume in 2023
- Peak month visitor count was 3.6 million in March 2023 (March Madness)
- Hotel room nights sold totaled 36.5 million on the Strip in 2023
- Domestic leisure travelers made up 72% of visitors in 2023
- Visitor satisfaction score for gaming experiences averaged 8.7/10 in 2023
- Southern Nevada visitor spend hit $72.3 billion total in 2023, 25% on gaming
- First-time visitors declined to 35% in 2023, indicating loyal base growth
- Airline partnerships brought 15 million direct flights to Las Vegas in 2023
- Sports event attendees added 1.8 million visitors in 2023, boosting gaming
- Off-Strip visitor gaming spend averaged $210 per trip in 2023
- Downtown Las Vegas drew 8.2 million visitors in 2023, up 10%
- Family travelers with gaming interest: 22% of total in 2023
- Visitor gaming frequency: 68% played slots, 42% tables in 2023
- Cruise ship tie-ins brought 150,000 gaming tourists via Long Beach in 2023
- Business travelers gambled at 55% rate during Las Vegas stays 2023
Visitor Numbers and Tourism Interpretation
While gaming remains the glittering cornerstone, with nearly a quarter of its 40.8 million visitors calling it their primary reason for braving the desert heat, Las Vegas has expertly gambled on a diversified portfolio—welcoming convention delegates, sports fans, families, and a growing legion of loyal international and female visitors—to ensure the house always wins, not just at the tables, but across the entire $72.3 billion economic jackpot.
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