Gaming win hits $1b mark in Nevada in October
Nevada has recorded more than US$1 billion in gaming win during October operations, achieving that performance for the second month in a row.
US.- The Nevada Gaming Control Board released on Tuesday the financial figures from October operations in the state. October marked the second month in a row in which the state hit the US$1 billion mark in gaming win.
While in October the casinos achieved US$1.02 billion in gaming win, it represents a 3.85% decrease when compared to the same month in 2018. Clark County win declined 5.1% to US$879 million, while the Strip registered US$538.5 million but a 9.2% decrease, according to Las Vegas Review-Journal.
Michael Lawton, senior research analyst for the Nevada Gaming Control Board, said: “Game and table win of US$322.8 million decreased by 12.6%, US$46.5 million, compared with a 10.8% increase in October 2018. Baccarat win was impacted by decreased volume and a poor hold percentage. Baccarat win of US$56.7 million was down 25.7%, US$19.6 million.”
Sports betting
The sportsbooks in the state achieved US$543.8 million in October, presenting a 2.6% increase year-on-year. Year-to-date results indicate that sportsbook win has increased 14.2% when compared to 2018.
Nevada registered historic performance in September
Gaming win totalled US$1.05 billion in September, which is a 6.8% rise when compared to the same month in 2018. It was also the highest September total recorded, the previous record being September 2007. September 2019 was also the fourth in which the state surpassed the US$1 billion mark out of the 45 times that monthly level has been reached.
Moreover, September was the fourth straight month this year in which Nevada registers year-over-year percentage increases. This trend comes after five consecutive months where Nevada reported decreases.
Clark County’s win was up US$8.3% to US$913.6 million. The Las Vegas Strip revenue rose 7% to US$584.2 million. Downtown Las Vegas’s percentage win rose 19.9% to US$65.9 million.
