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NEWS 31 July 2019

Nevada casinos generate $1.04bn revenue for June

By Matthew Enderby

Gaming revenue from across Nevada rose 11% year-on-year to $1.04bn for June.

Revenue at the Las Vegas Strip was $906.6m, up 17%, and accounted for 60% of the state’s total; revenue at the Strip had declined in recent months.

Downtown casinos saw the largest increase in Nevada, generating revenue of $52.1m, up 18%.

In Washoe County, only Sparks casinos made positive revenue, rising just 0.2% to $11.2m.

The steepest decline came from South Lake Tahoe, where revenue fell 12% to $16.4m.

For card games, Baccarat saw the highest increase and generated the most revenue at non-restricted locations, rising 114% to $157.9m.

Mini-baccarat however, fell 48% $3.8m, although it was not the largest fall. Bingo and pai gow dropped 58% to $356,000 and 54% to $579,000 respectively.

Slot machines also played a pivotal role in Nevada’s results, climbing 7% to $636.5m.

Sportsbook revenue was $16.6 million for June, returning Nevada to the summit of US sports betting revenue, having been overtaken by New Jersey for the month of May.

The state collected $55m in percentage fees during the month of July, based on taxable revenue generated in June. This represents a 16% increase.  

RELATED TAGS: Land-Based | Industry | Financial | Casino
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