Nevada casinos see boost through August 2019
August 2019 turned out to be a good month for Nevada casinos as American football returned full bore and a good month for slots made a late summer resurgence. For the month, Nevada’s combined gaming might showed a 4.3 percent boost over August 2018 while pulling in a cool $952.4 million in revenue.
Leading the revenue winners were the state’s sportsbooks who benefited mightily from the return of college and professional football. According to a report in the Las Vegas Journal-Review, sports betting pulled in a cool $18.7 million for the casino bosses with a turnover of $288 million. Football alone accounted for $72.3 million of that revenue and $12.6 million in profits. That’s up a whopping 48 percent from last year. Football also accounted for 71 percent of all the state’s parlay card action.
In the casino, table games and slots were pulling in buckets of cash with baccarat alone showing an unusual six percent boost for the month. Michael Lawton, senior research analyst for the Control Board commented on the casino’s good August saying, “This was the result of strong non-baccarat game and table play which benefited from increased volumes and significant increases to hold percentages. For the month, (blackjack) was up 29.2 percent, craps was up 67.3 percent, roulette was up 43.3 percent and sports were up 111 percent.”
Slot machines, always a busy department for the casinos, posted a 5.2 percent increase in volume play and a 1.6 increase in wins.
Overall, the Vegas casinos are on a roll as this is their third consecutive month of rising revenues after seeing a slight decline during the spring.