The Nevada Gaming Control Board reported $1.34 billion in casino revenue for February, with the bottom line boosted by both Las Vegas hosting Super Bowl LVIII and the Chinese New Year.

Revenue was up 8.5% compared to February 2023 as the Silver State extended its streak of $1 billion revenue to 36 months dating back to March 2021. Table games winnings surged 24.2% to $524.3 million, fueled by a 75.5% spike in baccarat revenue to $180.1 million.

Casino slots revenue was nearly flat, up 0.6% to $827.6 million as the hold was just under 7%. The $47.9 million in revenue from sports betting, folded into the table games total, was up 16.7% from last year.

The NFL’s signature event proved to be a big draw, with the Las Vegas Convention and Visitors Authority reporting an overall 9.5% year-over-year increase in visitors to nearly 3.4 million.

The Chinese New Year fell on the same weekend as the Super Bowl LVIII — it was in January last year — which contributed to the spike in baccarat revenue. The two-card game represented 43% of the $419.5 million in table games revenue on the Las Vegas Strip as the $180.5 million in winnings was up 81.9% compared to 12 months prior.

Billion-dollar action on blackjack and baccarat

Blackjack and baccarat dominated the table games scene when it came to revenue in the Silver State, with the $132.5 million from blackjack an increase of 15.6% compared to February 2023. Both card games saw a drop of more than $1 billion, with baccarat totaling $1.03 billion as the house had a 17.4% hold and blackjack at $1.01 billion with a 13.1% win rate.

Nearly all of the baccarat action took place on the Las Vegas Strip, where table drop totaled $1.02 billion. The 17.7% hold resulted in $180.5 million in revenue. Blackjack winnings along the Strip totaled $107.8 million as the win rate was 12.8% from $841.8 million in table drop.

Craps was technically fourth for table games revenue behind sports betting as the house claimed $44.7 million thanks to a 17% hold on $263.5 million drop. Las Vegas locales had a 17.4% win rate as they accounted for $34.4 million of that amount from $197.6 million wagered.

Multidenominational slots save the day

The small increase in slot revenue from February 2023 came despite slots of every specific denomination type showing a year-over-year decline. The $207.6 million in winnings from penny slots was down 21.7%, while $1 dollar slots saw a downturn of 17.3% to $45.6 million. Quarter slots revenue slipped 22.1% to $14.1 million.

This furthered a pattern that is more evident when examining figures for longer spans — the $3.04 billion in penny slot revenue for the last 12 months is down 15.1%, while the $618.9 million in dollar slot winnings is off by 15.3%.

In contrast, the $536.6 million won from slots of various denominations was up 17.5% from 12 months prior. It continues to be the lone area of growth in this gambling discipline — the 3-month total of $1.66 billion in revenue is up 22.4%, and the $6.16 billion over the last 12 months is a 16.2% increase.

The $15.6 billion in overall casino revenue for the past 12 months is up 3.1% compared to the previous 12-month span, while the $4.05 billion accrued in the last three months represents a 6% increase.

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