Baccarat a big winner as Nevada reports $1.27bn in June GGR
The state of Nevada, home of Las Vegas, has reported $1.27bn in gross gaming revenue (GGR) for the month of June.
The figure represents the 16th consecutive month of over $1bn in revenue for the Silver State, now making it very much the norm for America’s gambling hub.
Given Macau’s recent struggles, Nevada is very much the world’s gambling hub once again, too.
For the month of June, baccarat saw year-on-year growth of 237%, generating $143.2m in revenue.
Other winning verticals were card games, which saw revenue rise 83% to $46.3m, Ultimate Texas Hold’em, which was up 22% to $14m, and ‘other’ slot machines, up 22% to $10.8m.
That said, 1 Cent, 25 Cent and $25 slot machines all saw declines for the month.
Sports betting-wise, football actually lost Las Vegas money – with revenue of negative $1.3m, although every other sport proved a winner for the state of Nevada.
Nevada’s revenue bodes well for any Q2 reports still to come from US operators, although the general company trend for Q2 has been either a decline or marginal growth.
Boyd Gaming, for instance, was only able to report a 0.1% increase in revenue for Q2. However, President and CEO Keith Smith said this was due to skewed results last year, in that there was government stimulus and an opening up of Covid restrictions – creating pent-up demand.
In terms of Q2 reports outside the US, Kambi saw 19% decline (but a 16% rise discounting for DraftKings) and Evolution reported a 34% rise in operating revenue – although this was described by CEO Martin Carlesund as “good but not great.”
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