Nevada October Casino Gaming Revenue Tops $1B Mark Despite A Moderate Slip

Nevada October Casino Gaming Revenue Tops $1B Mark Despite A Moderate Slip

Nevada Casino Gaming Revenue has once again managed to cross the $1 billion mark despite a moderate decline in October. According to the figures released by the Nevada Gaming Control Board, neva Casino grossed $1.02b in the month of October. The figure represents a 3.8% year-on-year decline in revenue.

In the current fiscal the state’s casino gaming revenue is up 2.5% to $4.06b for the first four months.

The revenue at Vegas Strip casinos was down 5.1 percent year-on-year to $538.5m. However, downtown Vegas casinos posted an increase of 7.1% to $68.3m.

The state’s sportsbook revenue jumped 62.1% to $47.9m despite betting handle rising only 2.9% to $544m.

According to the figures released by the state Division of Gaming Enforcement, the total betting handle was $487.9 million in October, up from $445.6 million handle in September.

Mobile sports betting contributed to the majority of the revenue. The state saw $417 million in betting handle from mobile sports betting apps across the state. The figures represent 85.4 percent of the total revenue from sports betting operations in October.

When compared with the revenue generated during the same period the previous year, the state’s sportsbooks reported a 297% increase in October 2019.

Last week, the Nevada Gaming Commission unanimously amended state regulations to prohibit discrimination or harassment of a person based on the person’s race, color, religion, sex, sexual orientation, gender identity or expression, age, disability or national origin.

The new rules will apply to casinos, suppliers, vendors, contractors or consultants to hotels and related gambling businesses.

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