Gambling in the USA

Nevada Gaming Win Hits $1B Again in October

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5 years ago

November 29, 2019

Niji Narayan

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The Nevada Gaming Control Board has released its financial results for October 2019. October marked the second month in a row in which the state hit the US$1 billion mark in gaming win.

While in October the casinos achieved US$1.02 billion in gaming win, it represents a 3.85% decrease when compared to the same month in 2018. Clark County win declined 5.1% to US$879 million, while the Strip registered US$538.5 million but a 9.2% decrease.

“Game and table win of US$322.8 million decreased by 12.6%, US$46.5 million, compared with a 10.8% increase in October 2018. Baccarat win was impacted by decreased volume and a poor hold percentage. Baccarat win of US$56.7 million was down 25.7%, US$19.6 million,” Michael Lawton, senior research analyst for the Nevada Gaming Control Board said.

The sportsbooks in the state achieved US$543.8 million in October, presenting a 2.6% increase year-on-year. Year-to-date results indicate that sportsbook win has increased by 14.2% when compared to 2018.

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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.