Nevada Casino Gaming Revenue Sees 10 Percent July Spike
July proved to be a scorching hot month for Nevada’s casino and sportsbooks. The Silver State’s regulated gambling industry saw a very solid 10 percent July revenue jump over the previous year’s results.
Casinos and sportsbooks across Nevada did land rush business built on an unusually busy month for the state’s regulated sportsbooks.
According to CalvinAyre.com, July sports betting revenue was up a whopping 1,021 percent over July 2015 thanks to a game that usually doesn’t much love from American gamblers, soccer. Soccer-minded punters wagering on the Euro 2016 football tournament poured an additional $2 million into Nevada sports books during the month.
To give an idea of how little soccer wagering takes place in the US, the soccer spike was only noticed because the other sports category showed unusual activity.
The Nevada Gaming Commission numbers for the month also showed a relatively unusual spike in Major League Baseball wagering. Unfortunately for the casinos, players took home more than $3 million betting on the game that’s as American as apple pie.
All these positive numbers from the sportsbooks are even better in light of the fact that July is typically the slowest month for America’s only legal sports books.
The good news, however, wasn’t just confined to one area of the casino. On the table game end of the business, both baccarat and blackjack did booming business. Baccarat rose 44% over the previous year bringing in $150 million. Blackjack was up 41% over July 2016 with $114 million in revenue.
There’s no word yet on what August’s numbers look like, but few are expecting anything like what happened in July.