Nevada Casino Win Drops to Year Low

Nevada's gaming win for August dipped to a yearly low of $913 million, which regulators are attributing to a lack of major events in Las Vegas.

The Nevada Gaming Control Board reported that state casino win was down 7.7% from the year prior, while Las Vegas numbers were down 12.4% to $477.9 million. The numbers were down due to the August 2017 boxing match between Floyd Mayweather and Conor McGregor, which drew in a huge number of players to witness the fight. To illustrate the impact of the fight, sportsbetting revenues were down 63% to $12.6 million.

Speaking about the results NCGB Senior Analyst Michael Lawton said, "Last year's increase was driven in part by a very successful fight between Mayweather and McGregor. As a result, we are disappointed but not surprised by this August being down 12.4 percent on the Strip."

"We are anticipating that this is a short-term trend affecting the third quarter."

It'll be interesting to see how the numbers for September come in, as they should be reported later this month.

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bgsharpe
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5 October 2018 - 3:01pm
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Yeah, of course Mayweather v McGregor fight can't be replaced by another such event this year and obviously that reflects over the Vegas casinos revenues but I wonder if they could arrange themselves a big boxing fight like that every year during that time, apparently it's not that simple and would be quite expensive event too.

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