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NEWS 1 December 2017

Mixed results for Nevada in another record-breaking month

By Caroline Watson
Nevada has exceeded expectations yet again with another record month for the US state. After a monumental betting handle of $558.4m in the month of September, October also surpassed the $500m mark.

The handle in October came in at an impressive $522m, representing the best-ever performance by Nevada sportsbooks in the month of October.

Although this figure seems impressive, according to the Legal Sports Report, the $31.4m in revenue generated by sportsbooks is the lowest amount since 2014 and somewhat disappointing in comparison to the $42.3m recorded in October 2016.

The Nevada Gaming Control Board also revealed that despite a 0.65% drop in tourism levels in the city of Las Vegas, Nevada casinos reported combined gaming win revenue of $988.7m for October.

These figures show a 0.27% increase in comparison to the same month a year prior, and up on the $980m that was recorded in September this year.

Furthermore, slots revenue increase 3.8% year-on-year to $655.5m off a win percentage of 7%, but games and table revenue dropped 6% to $333.2m, with a higher win percentage of 13.84%.
RELATED TAGS: Land-Based | Industry | Financial | Casino
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