Gambling in the USA

Casino revenues rise in Nevada

Published

7 years ago

November 29, 2018

Niji Narayan

PlayNJ.com: New Jersey sportsbooks put Nevada in reach with record January

Photo Source: playnevada.com

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The Nevada Gaming Control Board has reported statewide casino gaming revenue for October. The overall revenue reached $1.06b, showing an improvement of 7.5 per cent over the same month last year. This is also the first month since May that a single month’s revenue crossed the billion mark. The revenue rose steeply on the Las Vegas Strip by 12.2 per cent to touch $593.4m.

Statewide slot machine revenue increased by 5.7 per cent to $693.5m and overall “table, counter and card games” revenue rose by10.8 per cent to $369.3m.

Blackjack revenues jumped by 40 per cent to touch $125.5m, while Roulette revenues surged by 21.5 per cent to reach $40.4m. Apart from Baccarat, whose revenues fell by 13 per cent, all other games showed gains in revenue. The state’s sportsbooks showed a downward trend in revenues, as the earning dropped to $29.5m in October, from $31.5m in the same month last year. Football betting revenue dropped off by 28.3 per cent to $11.3m, while basketball revenue slided by nearly 25 per cent to $3.7m.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.