Nevada Loses Big on Baseball Bets in November

Nevada's November gaming revenues suffered a bit thanks in part to a large hit taken on baseball betting as well as bad table game numbers.

The state generated $909 million in revenue for the month of November, which is down 2.3% from 2016 and down $80 million from the month before. The Las Vegas Strip brought in $485.7 million for the month, down 6% from last year. Downtown Las Vegas was up for the period by 6.8%, bringing in $54.2 million.

The sportsbetting business suffered a staggering drop of 48.8% to $9.8 million, due to a huge 495% drop in baseball revenue, which caused casinos to take a hit of $11.5 million. Racebook revenue was up though, bringing in $4.2 million, up 4.3% from last year. Table games were also losers for casinos, as revenues were down 13.2% to $282.3 million. This is attributed to lower hauls from blackjack, baccarat, roulette, and craps.

It'll be interesting to see how the Silver State performs in December, as the holiday season brings vacationers to Sin City.

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31 December 2017 - 2:28pm

Sportsbetting numbers really surprises me, don't know why is that big drop because of the baseball?