Nevada gaming revenue declined 4.2% year-over-year to $1.1316 billion in November 2024, marking the second consecutive monthly drop. The decline occurred despite hosting the Las Vegas Grand Prix Formula One race.

Slot machines generated $810.6 million, while table games, sports betting, keno, and bingo contributed $505.9 million. Slot revenue fell nearly 7% compared to the previous year, while other gaming segments remained flat.

The Las Vegas Strip saw a 3.9% decrease to $788.7 million, with table games dropping over 5%. The second F1 race failed to generate the same high-roller interest as its inaugural event in 2023, which was the third-highest revenue month in state history.

Some regional markets showed growth:

• North Las Vegas: +6% ($24.5 million)
• Mesquite: +9% ($16.4 million)
• Elko: +5% ($33.7 million)
• Sparks: +8% ($15 million)

Other major markets declined:

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

The Las Vegas Convention and Visitors Authority reported increased visitor numbers in November 2024, with 3.31 million people visiting the city, up 0.6% from 2023. However, convention attendance decreased by 8%.

While the LVCVA maintains the F1 race was successful, some local businesses reported significant revenue losses. Jay's Market, for example, experienced a $340,000 decrease in fuel sales compared to November 2022, before F1's arrival.

NGCB senior economic analyst Michael Lawton noted that November's results were affected by the month ending on a Saturday, which pushed some weekend revenue into December's reporting period. Without this timing impact, the state would likely have shown a year-over-year increase.

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