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Nevada Casino November boosted by baccarat, sports betting

Nevada Casino reported a Solid November performance driven by baccarat and sports betting, although the overall result failed to top the previous month $1b revenue tally.

Recently, figure was released on thursday by the Nevada Gaming Control Board shows statewide gaming revenue of just under $967.2m, a 6.4% rise over the same month last year but well behind the $1.06b market reported in October 2018.

November’s gains were concentrated on the Las Vegas Strip, where revenue shot up 10% to $534.5m. It also helped that November 2017s baccarat performance was particular dire, down 23.5% year on year.

Baccarat’s gains allowed it to reclaim the table game revenue crown, despite blackjack rising a respectable 4.1% to $87.6m in November. The other major table games had a mixed month with craps for 5% to $30.4m Roulette slumped 13% just under $28.7m. Slots revenue was up 1.3% to $634.9m.

The books took another bath on baseball in November 2018, losing nearly $5.9m, but such was the carnage of the previous November that this was viewed as a comparatively fortunate turn.

It’s worth noting that New Jersey’s regulated sports betting market generated revenue of $21.4m in November, within shouting distance of Nevada’s Result.

 

About the author

Kevin Kaostricks

Kevin takes care of round the clock updates on Casino Buzz. He is based out of Rochester. He can be reached out at kk@casino.buzz

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