Gaming win tops $1 bn in Nevada in July

For the second consecutive month, Nevada’s gaming win topped the US$1 billion figure during July operations.

US.- The Nevada Gaming Control Board (NGCB) reported on Wednesday the financial report from July operations. Last month represented the second consecutive month in which the state tops the US$1 billion figure in gaming win.

The NGCB report indicates that Clark County’s markets experienced improvements when compared to the same period last year. Statewide win was US$1.02 billion, representing a 2.9% rise over July 2018. Last month was the second consecutive one of gaming win increase after Nevada registered five straight months of revenue decreases.

Clark County registered a 2.6% rise in win to US$860.4 million, while the Strip’s rose 1.6% to US$541.8 million. Downtown Las Vegas boosted its gaming win by 7.6% to US$52.5 million. North Las Vegas, however, reported a 0.9% decrease in gaming win to US$27 million.

Year-to-date figures show that win is up by 0.3% in the state, although the Strip’s numbers are down by 1%.

Michael Lawton, NGCB senior research analyst, said: “This month’s results were driven by continued increases to both slot volume and win, up 3.9% and 4.4%, respectively, in July.”

“Slot volumes have decreased only once in the past 12 months and are currently up 1.9% calendar year to date,” he said, according to Las Vegas Review-Journal. “Meanwhile, slot win has recorded increases in six of the first seven months this calendar year and are currently up 2.7% to date.”

Sports betting’s performance

The sports betting market in Nevada registered a notable 154% growth when compared to the same period in 2018. Casinos in the state generated US$10.5 million in sports bets.

Despite the impressive numbers, New Jersey’s handle was bigger for the second time in 2019 in July. New Jersey generated US$17.9 million during last month’s operations.

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