MAR 7 DE MAYO DE 2024 - 16:32hs.
Revenue down 1.7%

Nevada July casino revenues hit just under US$1 billion

Nevada’s casino market generated revenue of US$998 million in July, representing a 1.7% fall compared to the same month in 2016, with earnings on the Las Vegas Strip dropping by 7.7% to US$565.6 million. The Nevada Gaming Control Board released the July totals this week showing nice gains despite the Strip seeing a revenue decline of 7.7% when compared to year-on-year totals. Casinos on the Strip brought in US$565.6 million for the month.

Breaking down the totals based on individual gaming categories, slot machines earned US$632.1 million for July, which was just over 5% more than the same month last year. 

Table games dropped significantly to US$365.8 million for the month which is a 11.7% decrease. Baccarat was the worst performing game for the month having earned only US$120.9 million which is a 19.6% decrease. Blackjack was down just over 12% with US$100 million in earnings with roulette dropping 14.3% to US$32.4 million.

Michael Lawton, Senior Research Analyst for the Nevada Gaming Control Board, stated: "We were facing a pretty difficult comparison. The state was up 10.1% last July, and the Strip was up 16.8%. So for us to come in very close to US$1 billion and only being down 1.7%, I don’t think we can be too disappointed about those results.”

It will be interesting to see the August totals for sportsbetting in Nevada as this will include Mayweather-McGregor wagers. It will not be surprising to see the revenues increase quite a bit when comparing July to August as the sports betting handle may have pushed past the US$100 million mark as wagers were placed on the historic fight.


Source: GMB / World Casino Directory