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Nevada Gaming Market Soars 8.1% in May

The Nevada Gaming Control Board has reported the Silver State's May 2014 gaming numbers, noting an increase of 8.1% in related revenues during the period.

In May Las Vegas Strip casinos brought in $593 million, which is up 17.3% from the same period in 2013, while other sectors of the state noted an overall drop in revenue. Statewide, the industry brought in $970.3 million, a big improvement over May 2013's results.

The surge in Strip revenue was attributed to baccarat, whose revenues were up 85.5% from last year. Casinos held a large 16.5% win advantage.

Online betting contributed positively, with Nevada's three online poker sites bringing in $862,000 during the month.

Nevada's government brought in $56.2 million in tax revenues, which is down 2.43% on previous numbers. It is unknown whether or not the trend will continue, but it is certainly nice to see Nevada's betting industry rebound a bit.

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