Vegas Revenues Spike Past $1 Billion for Second Month in a Row

The Nevada Gaming Control Board has revealed that casinos continued to have a strong year, as Silver State betting establishments brought more than $1 billion for the second month in a row.

February's numbers revealed that casinos hauled in $1.02 billion for the month, up 7.7% from the same period last year. The year to date (starting July 1st, 2017) has reached $7.9 billion, up 2.3% from the year prior.

The Strip had $603 million in revenues in February, up 11.37% from the year prior and the first rise since a gunman shot more than 50 people in October. The rise in revenues is due to a good performance in baccarat, as revenues were $79.7 million or up 82.5% from the year prior. This is primarily due to Chinese New Year falling in February this year, rather than January of last year. Slot revenues were up 4.17% to $605.58 million, with table games up 13.27% to $412.33 million.

The state of Nevada brought in $44.2 million in tax revenues from the casino industry, down from last year.