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Baccarat Boosts Nevada Gaming Revenues in January

The state of Nevada saw its gambling revenues rise last month, as baccarat revenues helped prop up the state's casinos in the first month of the year.

Baccarat represented $137.7 million of the $952.7 million won by casinos in January. Those numbers were up 69% from the same period last year, but the amount of money wagered was 13% less than the same period last year.

The $952.7 million haul is up 8% from the same period last year. Revenue on the Las Vegas Strip was up 15%, while Reno was up 14%. Downtown Las Vegas did suffer during the month though, as revenues were down 10%.

Nevada tax revenue on gambling winnings were $68.4 million, down 2% from the same period last year.

Although reasons for the increased Baccarat play have not been revealed, punters from China may be visiting Las Vegas more as China has a corruption crackdown on their politicians.

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