Casinos continue to be the biggest money makers, with combined slot and table gaming revenue totaling about $45 billion, a 6.6% increase over 2019. Sports betting also had an influx of growth in revenue, growing to more than $4 billion, and online gaming grew to $3.7 billion in revenue.
Miller said he’s “optimistic” that growth will continue this year, but that the gaming industry is “still reliant on the full return of travel and large events, which requires a safe health environment and open economy.”
In particular, Las Vegas is still trying to get back to normal. MGM Resorts CEO Bill Hornbuckle said in an earnings call last week that January visits had “significant headwinds,” including cancellations because of the Omicron variant. However, with declining number of Covid-19 cases, he added that hotel bookings are once “once again starting to outpace 2019 levels.”
Visits to the Nevada city reached 32.2 million in 2021, which was only 75% of the pre-pandemic tourism total of 42.5 million set in 2019.