Nevada Casinos Set Revenue Record in September

The state of Nevada saw a revenue record set in September for their casino industry, with $1.06 billion in revenues generated for the period.

The casinos generated the total, which stands as the highest ever for a September total, and stands as the fifth time that the industry has eclipsed $1 billion in revenue this year and the 45th time it has happened overall. The number is a 6.8% rise over last year, and is the fourth consecutive month of higher revenues.

Las Vegas casinos won $913.57 million of the total, up 8.27% from last year. The Strip accounted to $584.25 million, up 7%, but Downtown Las Vegas was up 19.89% to $65.93 million. North Las Vegas revenues were up 13.6% and Boulder Strip was up 10.4%. Baccarat revenue was the key reason for the jump in numbers.

Speaking about the results Nevada Gaming Control Board analyst Michael Lawton said, "Baccarat held 19.47 percent compared to a very weak 9.81 percent last year. This stronger hold offset soft volumes, as baccarat volume totaled $557.1 million, which was a decrease of $160.7 million or 22.4 percent [from last year]."

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