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.