Baccarat Fuels Nevada November Gaming Growth

This story was published more than 1 year ago.

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.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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30 December 2018 - 9:54am
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Obviously it's been a great year for the gambling business in Nevada considering especially the growth in Baccarat and sportsbetting revenues ...and the Golden Knights have done pretty good themselves 😉