Pennsylvania Casinos still waiting for new gaming legislation [...]
July Was a Good Month for Nevada Casinos
- September 1, 2016 By Nemanja L. -
Casino establishments in Nevada had a surprisingly strong July, mostly thanks to earnings made at Baccarat tables and in their Sportsbooks, it has been revealed.
Nevada Gaming Control Board released a report, showing that combined gaming revenue in the state rose 10% when compared to 2015 to $1 billion, with casinos on the Las Vegas Strip seeing a 17 percent increase, earning $613 million.
It appears that sports betting is quickly increasing in popularity among Nevada residents as Sportsbook earnings were up staggering 1,021% to $11.1 million.
While baseball revenue was up by more than 100% to $11.8 million, the other sports category rose whopping 239%. Basketball bets were also popular in July, but bettors were quite successful, cashing in a total of $3.2 million, whereas there were no major changes in Racebooks, which earned $4.2 million.
These are some very good results when we know that July tends to be the poorest month of the year for Sportsbooks. While the books only saw $1 million and $405,000 in revenue in July 2015 and 2014 respectively, a net loss of $548,000 was recorded back in 2013.
When it comes to individual game revenue, slots revenue remained virtually the same at $600 million, but Baccarat revenue rose 44% to $150 million and Blackjack spiked 40% to $114 million.
Roulette (+6.3%), Craps (+12.3%) and other games (+9.3%) also saw good results, as opposed to Bingo, Keno, Mini-Baccarat, Pai Gow Poker and Three Card Poker.
Back in February, Nevada Sportsbooks enjoyed strong Super Bowl 50 results, accepting over $130 million in wagers on the Denver Broncos vs Carolina Panthers match and turning a 10% profit.
The NBA play-offs and Euro 2016 finals were the two events that occupied the bettors’ attention in recent months, and the books are slowly getting ready for the new season.
YOU MIGHT BE ALSO BE INTERESTED IN THESE:
Russia Considers Increasing Gambling Tax [...]
NetEnt to Add Three Slots to Their Gaming Portfolio [...]