Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Entertainment Casino

Las Vegas booms with months of growth (Photo by BRIDGET BENNETT/AFP via Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Dec 5, 2022

Finding Winners In Legal Gambling 

Americans’ taste for gambling has fully returned and exceeded previous demand since the outset of the COVID pandemic, both in the casino and sports betting industries. 

Key Details

  • The Nevada Gaming Control Board says its casinos’ grossed $1.28 billion in gambling revenue for the month of October.  
  • This marks the 20th consecutive month of monthly revenue exceeding $1 billion, Forbes reports. 
  • Gambling revenues increased year-to-year by 4.8% and have increased beyond pre-pandemic levels, increasing 20% since October 2019. Nevada’s gambling industry is expected to surpass 2021’s gross of $13.4 billion, with early indicators suggesting a 12.3% increase in monthly revenue to the previous year. 
  • Sports betting specifically increased by 17.7% year-to-year and grossed $56.9 million.

Why it’s Important 

As we previously reported, sports betting is becoming a more mainstream and lucrative industry with major companies like ESPN negotiating partnerships with major sports betting companies like DraftKings. Reports claimed that the companies were close to signing a deal in October that would make DraftKings the official partner of the network—even allowing the company to take on the ESPN name.

FanDuel has even been looking to grow its market share by expanding into sports television with a new 24/7 sports channel.

“Once again, sports and entertainment helped Sin City continue its growth streak. The Las Vegas Raiders played two home games at Allegiant Stadium in October, the South Point 400 NASCAR Cup Series was held at the Las Vegas Motor Speedway and Eddie Vedder, Usher, and Van Morrison drew big crowds to the Park MGM, and the Colosseum,” says Forbes. 

The Las Vegas Strip hasn’t needed help returning to pre-pandemic levels of tourism and revenue though as Americans return again following the pandemic. Casino revenue is up 31.1% from October 2019. 

Notable Quote 

“You can’t complain when we’re 20 straight months of a billion-plus in revenue. It’s a continued recovery and the new standard,” says B Global managing partner Brendan Bussmann. 

Home / News / Finding Winners In Legal Gambling 
Share
FacebookTweetEmailLinkedIn

Related Stories

Seattle Takes The Crown For Advanced Tech Talent

by PJ Howland Leaders Staff
Tech

Oct 24, 2023

Seattle tech talent

Seattle has emerged as the metro area with the most advanced tech talent, beating out tech hubs like San Francisco and Silicon Valley.

Key Details

  • According to a new ranking by the Burning Glass Institute, Seattle has the highest proportion of advanced tech workers compared to other cities with similarly sized tech workforces.
  • The ranking evaluated 60 million high-paying, in-demand tech job postings and histories to identify cities with cutting-edge roles like AI and cybersecurity rather than legacy tech positions.
  • With tech giants Amazon and Microsoft headquartered in Seattle, the city edged out the San Francisco Bay Area, Boston, Austin, and Raleigh on the list.
  • The report found that demand for software developers and IT support specialists has declined over the past five years as companies seek more specialized tech talent.

Go deeper

FacebookTweetEmailLinkedIn

More Americans Can’t Keep Up With Car Payments

by Colin Baker Leaders Staff
Loans and Borrowing

Oct 23, 2023

car loans, used cars

A record number of Americans are behind on their car loan payments as higher interest rates and prices weigh on consumers.

Key Details

  • According to data from Fitch Ratings, 6.11% of car loans were at least 60 days delinquent in September, the highest since tracking began in the early 2000s.
  • Some interest rates on used cars can rise to as much as 21%, according to Bankrate.
  • Soaring prices and rising interest rates are squeezing consumers, making it difficult for some to keep up with their auto loans.

Go deeper

FacebookTweetEmailLinkedIn

Chevron Makes $53 Billion Deal Amid Surging Gas Prices

by PJ Howland Leaders Staff
Markets

Oct 23, 2023

Chevron Gas Deal

Chevron is acquiring Hess Corp. for $53 billion, the second significant oil producer acquisition this month as crude prices climb.

Key Details

  • Chevron is purchasing Hess in an all-cash deal worth $53 billion, including debt and preferred stock redemption.
  • This comes just weeks after ExxonMobil announced its $59.5 billion purchase of Pioneer Natural Resources.
  • With oil over $80 per barrel, major producers are using their windfall profits to acquire smaller players and boost payouts to shareholders.
  • Chevron expects the deal to close in H1 2023 pending regulatory approvals and Hess shareholder vote.
  • Hess CEO John Hess will join Chevron's board once the acquisition is complete.

Go deeper

FacebookTweetEmailLinkedIn
nike logo
Company Culture

Oct 20, 2023

Nike to Require More In-Office Days From Employees

by Colin Baker Leaders Staff
blue collar workers
Retirement

Oct 20, 2023

Explaining The ‘C+ Grade’ Retirement Ecosystem in The United States

by PJ Howland Leaders Staff
netflix building
Entertainment

Oct 19, 2023

Netflix Hiking Prices While Adding Millions of Subscribers

by Colin Baker Leaders Staff

Recent Articles

Hiring

Nov 1, 2023

Learn the Winning Answers to the Most Common Phone Interview Questions

Come to your next phone interview fully prepared

Personal Growth

Oct 30, 2023

85 Quotes on Self-Love to Boost Your Self-Esteem

Don’t fall into the trap of harsh self-criticism

Company Culture

Oct 27, 2023

What is a Sabbatical? Your Ticket to Restful Growth and Meaning

Sabbaticals can benefits both employees and businesses

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2025 Leaders.com - All rights reserved.

Search Leaders.com