Nevada Gambling Win in September Tops $1 Billion

Nevada Gaming Control Board has reported that the gambling win in the State topped $1 billion in September. The total of just under $1.1 billion is a 6.8%, $67.7 million increase compared to September 2018.

The total was driven by a 54% increase in Baccarat win to $108.5 million, despite the fact Baccarat betting volume was down.

Gaming Control Board analyst Mike Lawton said the percentage of bets the casinos kept was 19.5%, far higher than the 12-month average of 12.5%.

Lawton said there were a number of top-flight special events in Las Vegas during the month including a Keith Urban concert at the newly remodeled Coliseum inside Caesar’s, two shows by Elton John at T-Mobile Arena and a concert by the Eagles performing their entire Hotel California album.

Both Lake Tahoe reporting areas saw increases in September, but the Carson Valley reporting area, which includes valley portions of Douglas County and Carson City, suffered a decrease.

Carson reported $9.8 million in total win, a decrease of 4% of $403,000. But Carson had a very difficult comparison because last September was up 10.5% due to a huge increase in table game win a year ago.

This year, game and table win fell 27%, accounting for $300,000 of that decrease. Slot win did not help, falling 1.1% or $102,000.

South Lake Tahoe casinos reported $18.2 million in win, a 2.5%, $442,000 increase. They were up against a very soft comparison since the win was down 15.8% last September.

Slot win was up 6%, $773,000 but table game win fell 6.7%, essentially cutting the slot win gain in half. South Shore is down 3.4% for the year thus far.

North Shore casinos at Crystal Bay/Incline Village were up, but only by a fraction under 1%, to $2.6 million. That increase is only $25,000 more than a year ago.

Washoe County was down 3.4% or $2.7 million in September. Total win was $76.2 million. Washoe is now down 1.4% for the calendar year.

Finally, Churchill County had a banner month in September, reporting a 6.49% increase over a year ago. Total win was $1,734,000.

The increase was the result of a solid 7% increase in slot win that offset a 6.1% decrease in game and table win. The vast majority of Churchill’s gaming win is slots with only $65,000 coming from games and the race and sports book category.