Baccarat Fuels Nevada November Gaming Growth

The state of Nevada reported that gaming revenues were up 6.4% in November, thanks in large part to baccarat winnings from punters.

Revenues were up 4% to $967 million for the month, and the Silver State's 2018 betting revenues have surpassed $10 billion, up 2.9% from last year. Baccarat win was up 51% to $97.8 million, with a 12.2% house win percentage. The numbers can be largely attributed to an influx of visitors from Asia. Table games and sportsbetting revenues were up 18% to $332 million, while slot revenue was up 1.3% to $635 million.

Las Vegas Strip gaming revenues were up 10% to $534.5 million, with Downtown Las Vegas revenues up 2.2% to $55.4 million. Tourists were up by more than 100,000 compared to last year, although it should be noted that numbers were down last year in the wake of the Mandalay Bay shooting massacre, which took place in October and kept numbers down for a while.

The sportsbetting vertical was up nearly triple, with win of $27.1 million and hold of 4.7%. This is interesting, given the increase in markets where sports wagers are being accepted.

December numbers for Nevada are due in January, and Casino Listings News will post the results on our site.