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August 20, 2014

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Nevada casino revenue up 7.4 percent in September

CARSON CITY — Nevada casinos took in $958.8 million in September, a 7.4 percent increase from the same month a year ago, and much of the bump was due to strong play in blackjack and baccarat.

The state Gaming Control Board reported today big increases in revenue on the Las Vegas Strip and in South Lake Tahoe.

“It was a successful month,” said Michael Lawton, senior research analyst for the board. Casinos on the Las Vegas Strip posted a 13.3 percent increase in revenue. Lawton said the junior middleweight championship fight between Floyd Mayweather and Saul “Canelo” Alvarez helped boost numbers.

Casinos in South Lake Tahoe reported a 29.1 percent increase in revenue during the summer tourist season.

Gross gaming win is reported before business expenses and taxes.

Statewide, casinos took in $116.5 million in baccarat, a gain of 49.8 percent from September 2012. Blackjack winnings jumped 34.8 percent to $104.1 million, and the slot win inched up 3.7 percent.

There were mixed results in other areas of Clark County.

Casinos in downtown Las Vegas rebounded from two straight months of lower percentage winnings to post an increase of 2 percent. North Las Vegas jumped 14.3 percent.

But gaming in Laughlin was off 5.2 percent; the Boulder Strip was off 0.5 percent; Mesquite fell 1.8 percent, and the balance of Clark County was down 1.5 percent.

Strip casinos won $115.5 million in baccarat, a jump of 49.1 percent. The board said blackjack winnings rose 52.9 percent, but craps fell 27.8 percent. Roulette grew 14.4 percent and the slot win was up 4.5 percent.

Football betting on the Strip was off 25.7 percent as the season started.

Winnings declined 3.7 percent in Washoe County, 4.1 percent in the Carson Valley area and 6.1 percent in Elko County.

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