Nevada gaming revenue declined 4.2% year-over-year to $1.1316 billion in November, marking the second consecutive monthly drop. The state's 315 slot machine establishments and 255 gaming locations experienced slower activity despite hosting the Formula One Las Vegas Grand Prix.

Slots generated $810.6 million, while table games, sports betting, keno, and bingo accounted for $505.9 million. Slot revenue fell nearly 7%, while other gaming revenues remained flat.

The Las Vegas Strip saw a 3.9% decrease to $788.7 million, with table games dropping over 5%. This decline was primarily attributed to reduced performance in craps and baccarat games.

Several regional markets showed positive growth:

• North Las Vegas: Up 6% to $24.5 million
• Mesquite: Up 9% to $16.4 million
• Elko: Up 5% to $33.7 million
• Sparks: Up 8% to $15 million

However, other major markets struggled:

• Douglas County (South Shore Lake Tahoe): Down 20% to $14.4 million
• Washoe County (Reno): Down 6% to $76 million

The Las Vegas Convention and Visitors Authority reported that despite the revenue decline, November visitor volume increased 0.6% to 3.31 million people compared to 2023. Convention attendance dropped 8%, impacting overall performance.

NGCB senior economic analyst Michael Lawton noted that November 2023 presented a challenging comparison as it was the third-highest win total in state history. The calendar effect of November 2024 ending on a Saturday also pushed some weekend revenue into December's reporting period.

While the F1 race's economic impact remained positive according to the LVCVA, some local businesses reported significant revenue decreases during the event period, including reduced fuel sales at locations near the race circuit.

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