February Was A Big Month For Las Vegas Visitation, Casino Gaming And Hotels

There was little doubt that February would be a big month for Las Vegas casinos. Thanks to the leap year, there was an extra day for casinos to generate revenue from the casinos and hotel rooms.

As usual, international visitors visited Las Vegas to celebrate the Lunar New Year at their favorite casino.

In addition to the extra day, expectations were higher than usual as Las Vegas hosted the Super Bowl for the first time. This brought fans, media, players, and more visitors to Las Vegas – and specifically to the Vegas Strip.

Visitation to Las Vegas was up and that translated into higher gaming revenue and record-breaking hotel room prices.

This is similar to Nov. 2023 when the Las Vegas Grand Prix resulted in a big month for Las Vegas casinos.

Vegas Strip helps Nevada set gaming revenue record for February

It’s no surprise that Nevada casinos set a record for February gaming revenue, according to the Nevada Gaming Control Board (NGCB).

While the gaming revenue for the state was up 8.5%, the Vegas Strip was up 12.4% as it was the epicenter of non-game Super Bowl activities. Casinos on the Vegas Strip won just over $800 million. Last year these casinos collected $712 million.

The extra day, Super Bowl, and Lunar New Year may have been the main catalysts for the increase in gaming revenue but Fontainebleau contributed gaming revenue in February for the first time.

Vegas Strip casinos led the way for gaming revenue in Clark County. Gaming revenue in the county was up a lucky 8.88% to $1.17 billion of the $1.3 billion collected by casinos throughout the state.

The Vegas Strip is the straw that stirred the February drink in gaming revenue in Nevada. Downtown Las Vegas saw a small increase of 2.7% in gaming revenue.

The “Balance of County” in Clark consists of casinos away from the main tourist corridor. Gaming revenue in this area was up 7.37% thanks, in part, to the Durango Casino. Business has been so good at the off-strip casino that its parent company is already considering expanding.

Breaking down Las Vegas gaming revenue in February

The increase in Vegas Strip gaming revenue in February came from traditional table games. While visitors were hitting the tables they were staying away from the machines.

Table game revenue on the Vegas Strip was up more than 30%. Meanwhile, slot machine revenue was down 2.39%.

February was a rare month where slot machine revenue was lower than the same period in the previous year. Revenue for every slot machine denomination was lower than Feb. 2023.

The only machines that saw greater revenue were multi-denomination games. This includes all bartop games. It’s not a stretch to imagine football fans sidling up to a bar having a brew while playing slots, keno, or video poker.

Revenue from baccarat saw the largest increase for Vegas Strip casinos for the month. These casinos also won more money from baccarat than any other table game.

Vegas Strip baccarat revenue was up 81.85% to $180 million. Blackjack generated the second-most revenue at these casinos with $107.8 million.

The increase in blackjack revenue was almost 21% higher than last February. However, the increase in craps revenue was just behind the baccarat with a 33.42% boost compared to a year ago.

It’s no surprise that sports betting revenue was up for Vegas Strip casinos with the Super Bowl being played at nearby Allegiant Stadium. Vegas Strip sports betting revenue was up almost 10% to $24 million.

Altogether, Nevada casinos throughout the state won $47.9 million from sports betting in February. That was an increase of 16% from last year. The Super Bowl set a record for Nevada casinos.

Hotel occupancy and prices were through the roof

The Super Bowl and Lunar New Year get most of the attention when it comes to the busy February in Las Vegas but there was another reason. There were also numerous conventions throughout the month.

Las Vegas saw 3.37 million visitors in February. This was a 9.5% increase from last year.

Between all of the events, hotel room occupancy was up 1.7% to 83.9%. The February increase is notable since there were more hotel rooms available with the addition of Fontainebleau.

Demand for hotel rooms sent prices soaring in February. The average daily room rate (ADR) for the month was up a whopping 40.6% to $248.35.

Like gaming revenue, the Vegas Strip was responsible for the hotel room price increase. The ADR for Vegas Strip hotels was up 43.1% to $269.37.

For comparison, the ADR for downtown Las Vegas hotels was up only 9.2% to $104.01. That’s a healthy increase but not nearly as large as the Vegas Strip hotel rates.

The post February Was A Big Month For Las Vegas Visitation, Casino Gaming And Hotels appeared first on Play USA.

You’ve Won Big Playing with OLG. Now What?

Homes. Trips. Family. Charity. That ultra-rare golden-ticket Willy Wonka Funko Pop figure.

We’ve all got our own ideas of what we would do should we ever win big playing the lottery, likely formed over the course of years of playing and dreaming.

But what if you won big on your first ticket? When you were just 18 years old? Before you even had a chance to really think about how millions of dollars could change your life?

That’s what happened to Juliette from Sault Ste. Marie.

Upon turning 18 – the legal age to play the lottery in Ontario – the Ontario teen’s grandfather suggested she buy a ticket. She picked one up at a local convenience store, stopping along the way to call her dad to ask what she should buy (he fortuitously suggested she ask for a Lotto 6/49 Quick Pick with ENCORE – an easy way for anyone to start playing).

Then Juliette forgot all about it. That is, until a conversation at work the following week about a $48-million jackpot winning ticket that had been sold in her home town which reminded her she hadn’t checked her numbers. She pulled out the ticket, and her boss checked it for her using his phone.

That’s when the winning music began to play.

Juliette was in shock. When her employer turned the phone to show her the screen, she asked, “How many zeros is that? Let me count! It’s a lot of zeros! It was so surreal.”

She signed her $48-million winning ticket, her hands shaking. Then she called her mom, who, after freaking out an appropriate amount, told Juliette she had to stay at work to finish her shift, like any good parent struggling to impart a life lesson in such a strange moment would.

But what then? What would you do with an enormous, unexpected windfall?

Resist the Urge to “Fan the Flames”

Whether you’ve just won $100 or $100 million, the first question you’re likely to ask yourself after you calm down will likely be: What should I do with my winnings?

One thing you probably shouldn’t do, most experts agree, is spend any of it right away. Your best bet is simply to do nothing with your winnings until you’ve had a chance to think about what you want and, in the case of very large wins, consult financial, tax, and legal advisors, the subject matter experts to talk about next steps such as how to invest your winnings it and where to keep it.

This includes resisting the urge to “fan the flames” by spending your winnings on additional tickets or bets to try to win even more. When it comes to gambling, the concept of striking while the iron’s hot doesn’t really apply. Your odds never go up just because you happened to win once.

Use the Tools at Your Disposal

PlaySmart has some useful tools that can help you avoid the doubling-down mindset. You know, like when you feel inclined to take an even bigger risk in hopes of breaking even or winning more? You might think you’re lucky at the moment, when in fact your odds haven’t gone up at all.

When you set up an account with OLG you gain access to the My Play Customizer tools, where you can do things like set a lottery spending limit to help manage how much you spend on tickets going forward regardless of how much you win (or lose).

You can also glean insights into your own behaviour and play style by using the My Play History section of your My PlaySmart Tools, which tracks what you spend and when you spend it. You’ll quickly discover patterns in how you play, which may lead you to make changes that let you have fun without going overboard, even after a win.

There are, in fact, tools designed to help manage how you use all of OLG’s products, from tracking and budgeting the time you spend playing iCasino games to setting bankroll limits for PROLINE+ activities.

Point being, responsible gambling habits aren’t based on whether you win or lose, but how you play. The fun of the lottery is imagining all the things you could do if you won, whether that means setting up a foundation to save animals or buying yourself a seat on a private spaceship. Just remember to make smart choices both before and after your spaceship comes in.

Big Game Party 2024 at Ute Mountain Casino Near Four Corners

Experience the adrenaline rush of watching the Big Game at Ute Mountain Casino this season! As a special treat, our Legendary and Pinnacle players are invited to enjoy free food and drinks as they witness the thrill of the game. Not a Legendary or Pinnacle player? No problem! Our Timberline players can enjoy food and drinks for just $10 while watching the game, while all others can enjoy the party with all-you-can eat for just $20.

Super Fun Drawings & Prizes

And that’s not all – we’ll be holding drawings at random during the party, adding an extra layer of excitement to the mix. Lucky winners could take home FREE Play and other fun prizes. Plus, guests can play fun games such as throw a football through a target and tossing bean bags.

So if you’re looking for where to watch the Big Game, come on down to Ute Mountain Casino, where the game is big, and the rewards are even bigger!