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Nevada Sets New Gaming Revenue Record in 2024

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GAN has enhanced its platform offering to social casino operators across North America by inking a deal with Stakelogic.

Through the partnership, GAN has agreed to distribute Stakelogic’s in-house igaming content to the social casino brands it works with in the US, as well as the studio’s live casino products. 

The deal sees Stakelogic tap into the rapidly expanding social casino sector, while marking a ‘major advancement’ for the space by combining social casino with live dealer gaming. 

Stephan van den Oetelaar, CEO at Stakelogic, commented: “We’re thrilled to join forces with GAN to bring our slot and live casino products to the US social casino market. This partnership allows us to swiftly roll out our content across the country, delivering a unique gaming experience tailored for American players. 

“We believe branded, custom-made content will become the industry standard in the coming years. In the months ahead, we will work closely with GAN and its social casino operators to develop a truly bespoke offering that sets a new benchmark for player engagement and entertainment.”

As a part of Stakelogic’s content offering, GAN’s partnered social casino brands will gain access to live dealer titles, such as roulette and blackjack, alongside game shows like Super Stake Roulette 5,000X and Super Wheel – The Live Game Show.

Additionally, brands working with GAN will benefit from custom-branded slots and live products designed specifically for their platforms. 

Guiseppe Gardali, President B2B at GAN, added:“With our partnership with Stakelogic, GAN is elevating social casino entertainment to a whole new level. Stakelogic’s hybrid slots, which blend traditional slots with live casino elements, are truly groundbreaking for the industry. 

“Live casino is still an emerging concept in the US, and thanks to Stakelogic, we’re able to lead the way in delivering the most innovative and high-quality gaming experiences available today.”

The Nevada Gaming Control Board’s latest financial update shows that the state recorded total gaming revenue of $15.6 billion in 2024, a new annual record.

The $15.61 billion recorded was a 0.55% increase year over year compared to 2023’s data. Gaming revenue recorded for the final quarter of calendar year 2024 (October through December) was $4.06 billion. 

The number of licensees that reported results across the year was 454, with 436 submitting data for December.

Slot machines were Nevada’s primary revenue driver in 2024, generating $10.52 billion, or 67.3% of total gaming revenue. This represented a yearly growth of 2.27%. The average win percentage across all denominations was 7.2%.  

The NGCB reported that there were 127,176 slot machines across the Silver State. 

A breakdown by slot machine denomination shows a move from specific-denomination slots to multi-denomination machines:

Slot machine revenue was 73.6% of the renowned Las Vegas Strip’s gaming revenue in 2024. 

Within table games, Blackjack generated $1.34 billion in revenue, up 1.07% year-over-year. Baccarat generated slightly more, with $1.39 billion, but this was a 6.33% decrease in 2023’s reported revenue. Roulette revenue also decreased by 4.39%. 

Nevada sports betting revenue stagnated, only increasing by 0.17% yearly to $482 million. The channel shift continued in Nevada, with mobile sports betting driving 59.3% of the state’s total GGR. The $285.8 million mobile sports betting revenue increased by 18.82% yearly. 

Basketball betting revenue was the most significant compared to American football, baseball, and hockey, rising 14.3% year over year to $152.5 million. Baseball reported the most significant decrease, down 22.9% to $71.8 million for 2024. 

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