Published
Financial

Nevada gaming wins surpass $1bn mark in May

Casino winnings in Nevada jumped above the $1bn mark in May,  a rise of 9.4% from April and almost 5.3% more than winnings reported in May 2017.“This amounts to a 5.29% increase compared to May 2017, when licensees reported a gaming win of $991,594,550,” the Nevada Gaming Control Board said.The news was welcomed by operators as Nevada casinos earned $954m in April, the first dip blow the $1bn mark since January.

LasVegas

Slot machine revenue increased 7.1% in May to $670.2m, with table games jumping 14.5% to $373.9m. Baccarat accounted for $120.8m of the table games wins.

The two highest earning areas in Nevada were in Clark County, with $904m in winnings, followed by Washoe County with $73m.

The increase in May 2018 revenue could be linked to a higher volume of visitors. According to the Las Vegas Convention and Visitors Authority, 3.6m people visited Las Vegas in May, a slight increase from the 3.5m visitors in April. The visitor volumes for May 2018 also show an increase of 0.8% over May 2017, indicating more people are visiting Las Vegas.

In the period between 1 June 1 2017 and 31 May 2018,  statewide gaming revenue rose 3% compared to the same period in the previous year.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Mohegan
Mohegan Inspire
DraftKings
The Star Entertainment Group
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...