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Nevada Casino Revenues Fall Again

The Nevada Gaming Control Board published the state's casino revenues for the month of October 2014, noting that revenues were down 4.3% when compared to the same period last year.

For the month casinos in Nevada brought in $914 million in revenue, which was down 4.3% from the same period last year. The Las Vegas Strip brought in $787 million for the month, down 6% when compared to last year. Baccarat was the key contributor to the downsizing of revenues, as the game only accounted for for 11% of casino revenues (down from 16% last October), and win percentage down to 10.2% (down from 12.2% last October).

Online poker also suffered in the month, with the three poker sites earning just $665,000 in revenue, down 47% from October 2013. These dismal results caused Ultimate Poker to decide to leave the market earlier this month.

For the year Nevada gaming revenues are down less than 1% from 2013, meeting expectations of a flat to very small drop in revenues that industry insiders predicted.

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