This story was published more than 3 years ago.
The Nevada Gaming Control Board has revealed the state's gambling numbers for April 2019, showing that revenues were down for the fourth straight month.
The state's gaming numbers hit $936.5 million in April, down 1.8% from the year prior. The numbers are also down $87 million from March. Vegas Strip revenues were down 3.5% to $481.8 million, but Downtown Las Vegas numbers were up 2.1% to $61.8 million.
Statewide slot revenues was virtually flat at $658.8 million. Table revenues were down 5.8% to $277.7 million. Sportsbetting revenues were up to $21.65 million, with baseball wagers up 42% to $10 million. Poker revenues were also up 4% to $8.6 million.
Revenues have been lower than the year prior in Nevada for the last four months. With that being said, the numbers still show that betting is a healthy money maker for casinos throughout the Silver State.
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Comments
Well, I guess the casinos could live with these numbers especially when sportsbetting is on the rise and make up for the rest of the business but surely the casinos would of like to see a steady growth in all sectors instead of a flat line or decrease in revenues.
Hopefully some employees wont loose their job because of the 4th straight month stagnation.
I think it's going to be okay, as Vegas has been transitioning toward more general entertainment and away from just focusing on gambling. They have an NHL team now, and an NFL team will also be coming in the next year or so.
If they keep diversifying, I think they'll end up being okay in the long run.
sharpe
I'm far from being too worried over LV business future mate. 😉
On top of that the Golden Knits have been doing really well in their opening two years in the league....so who's going to win the Cup this year Slim?...I'm not sure but I think the Blues could just make it now.