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Nevada Sees November Revenues Rise By 12%

The state of Nevada has released its financial results for the month of November, noting that revenues grew by 12% due to lots of baccarat and sportsbetting action.

Financial numbers for the Silver State during the month were as follows:

  • The Vegas Strip brought in $529.4 million, up 23% from the $431.8 million that the strip brought in last year.

  • NFL wagers totaled $356 million last month, a record amount.

  • Nevada sportsbooks brought in $490.3 million in wagers for the month, also a record amount.

  • Nevada casinos won $876 million from players during the month. $130.1 million of that came from baccarat, which is up 81.4% from 2012. High roller baccarat action saw $1.1 billion wagered, which is up 88.2%.

  • Downtown Las Vegas casinos saw their revenues drop 1.3% to $38 million, while South Lake Tahoe saw its revenues fall 2% to $17.3 million.

  • Reno had its revenues climbed 16.7% to $43.3 million.

  • The entire state saw $11.6 billion wagered in November. That number consisted of $8.7 billion in slot machine wagers, while $2.9 billion was wagered on table games and sports.

  • Tax revenue created from the wagering was $50 million, up 9% from the same period last year.

  • Revenue numbers for the fiscal year beginning July 1st are up 3.3% when compared to 2012.

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