When we compare the latest winnings with those of August 2020 - right when lock downs started to come down in full force - the latest figures mark a 63% growth over that month's $743 million without incorporating inflation.

Data from the Nevada Gaming Control Board shows that casino winnings stood at $1.2 billion in August 2023, which marked a slight 7% increase. However, with the virus behind us and the economy remaining resilient, the casino and gaming industry is also experiencing a resurgence in revenue. The dropping revenues are particularly painful for this sector since casino owners often spend millions of dollars to build their establishments, and most of the funding comes through loans whose repayment depends on stable and healthy cash flow growth. Naturally, this environment goes against social distancing, and any drop in foot traffic hits casinos hard. Casinos, if you're unfamiliar, have jam packed floors with countless games and thousands of players testing their luck.

One industry that was hit hard by the virus is the casino industry. Whether its industries such as travel and tourism that have now begun to operate at levels before the outbreak, or economies that are becoming comfortable with high inflation levels, life as 2023 comes to an end is quite different than that just a handful of years back. If you want to skip our introduction to the hospitality and gaming industries, then take a look at 5 Best Casino Stocks To Buy Heading Into 2024.Įven though it's been four years since the initial outbreak of the coronavirus pandemic, its impact on the world is still being felt.

In this piece, we will take a look at the 15 best casino stocks to buy heading into 2024.

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