Gambling revenue increases in Nevada

Revenue increased 6.4% year-on-year in November in Nevada. Credits: allstate.com

The gambling industry experienced a 6.4% increase in revenues during November’s operations.

US.- According to the latest financial results released by the Nevada Gaming Control Board (NGCB), the industry saw revenues increase 6.4% year-on-year in November, as total revenue topped US$10 billion for the first 11 months of the year.

Total revenue for casinos reached the US$967 million mark in November 2018, which represents a 6.4% increase from the US$909 million registered in the state in November 2017. On the other hand, month-to-month gaming win was down 9% from US$1.06 billion in October.

The NGCB explained that the state has collected approximately US$58. million in percentage fees based on November’s winnings, which also represents a 18.1% rise compared with a year ago. Moreover, the first five months of the fiscal year, July through November, have seen gambling winnings rise 1.3% compared with last year.

The sports betting sector reported strong results as well, with football and basketball helping offset the losses in other sports like baseball. A total of US$592.3 million were wagered in the state, where sportsbooks got a hold of 4.7% of that number to US$27.1 million.

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