Nevada Gaming Revenues Fall 3.1% in November

Nevada's gaming revenues fell in November, slipping down 3.1% due to a large drop in baccarat revenues.

The state took in $937.47 million for the month, down $29.6 million from the year prior. Baccarat win was $75.5 million, down 22.7% from the year prior. The game has had a rough year in Nevada, as play volume is down 31%, and win rate is down 11.6%. Usually, Las Vegas manages to draw in a large amount of wealthy Asian gamblers, who're big fans of the game. In November the state hosted events from Fleetwood Mac, Madonna, Guns and Roses, and a heavyweight boxing match.

Sportsbetting numbers were up, despite increased competition from a number of states. Slot win was down to $616.7 million, but volume was up 1.3%.

Las Vegas in particular has been working to diversify as more of a tourist destination with events in order to offset any drop in gambling activity. The city is the largest in terms of gambling haul in Nevada, and the second-largest gambling market in the world. The state will likely have a lucrative 2020, as the Oakland Raiders NFL team is moving to Vegas, and there's set to be large events, including the UFC return of fighter Conor McGregor.

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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