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Las Vegas Sees Highest Revenues Since 2007

The world's second largest gambling market may be experiencing a bit of a rebound, as the state of Nevada announced that its casinos brought in their highest revenues since December 2007.

Gross Gaming Revenues for the month of March grew by 15.1% over the same period the year before, totaling $1.073 billion. The Las Vegas Strip led the charge, bringing in $696.1 million for the month, a whopping 31% jump over the same period in 2012.

Baccarat brought in most of the high results, with Asian players coming out in full force to celebrate the Lunar New Year. The popular card game brought in $263.9 million for the month, a staggering 131.35% jump over the period last year. Mini-baccarat brought in $11.7 million, or a jump of 108.6%.

Sports betting brought in $14.3 million worth of revenue, up 24%, while roulette was up 22% to $37.7 million. Slot machines brought in $541 million, but saw a 5.2% decline in revenue for the month.

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