Nevada’s income continues to grow

The NGCB revealed income at Nevada’s casinos posted a 7.7 per cent growth as it reached US$1.02 billion in February.

US.- Nevada continues its streak for increased gaming wins as February’s figures showed a 7.7 increase to US$1.02 billion year-on-year. The improvement, fuelled by revellers visiting the region to celebrate the Chinese New Year, also meant that income surpassed the US$1 billion mark for the second month in a row for the first time since March-April 2008.

Furthermore, gaming win in the state has risen to US$7.9 billion since the beginning of the fiscal year in July 2017, up 2.3 per cent from the previous US$7.7 billion. Also, the Las Vegas Strip posted its first monthly improvement in five months, reporting winnings of over US$603 million for February (up 11.37 per cent).

According to senior research analyst for the Tax and License Division of NGCB Michael Lawton, the “big baccarat win” on the Strip was the main reason for the improvement, as it was up 82.5 per cent to US$79.7 million. “This February was much stronger than last February due to Chinese New Year falling in January [2017]”, he said.

State-wide slots revenue grew 4.17 per cent to US$605.58 million in February, while total games and tables were up 13.27 per cent to US$412.33 million. On the other end, major tables reported declines, including blackjack (US$88 million, down 17.22 per cent), craps (US$31.2 million, down 12.33 per cent), and roulette (US$36.4 million, down 5.55 per cent).

Meanwhile, sportsbooks saw their revenue decrease 48 per cent year-on-year to US$10.7 million, and football wagering dropped 136.35 per cent to US$2.5 million. Sports parlay cards was down 58 per cent to US$449,000, while sports pari-mutuel dropped 71 per cent to US$4,000.