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July 22, 2014

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Nevada gaming revenue up 8.1 percent on strong baccarat winnings

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In this 2010 photo, a baccarat game is shown in the high-limit room at Hard Rock Hotel.

CARSON CITY — Nevada gaming revenue was up 8.1 percent from the same month a year ago, propelled largely by big winnings at the baccarat tables, according to the Nevada Gaming Control Board.

Casinos won $970.2 million in May, including $172.6 million from baccarat players. Gaming win is computed before taxes and business expenses.

“It was a baccarat month,” said Michael Lawton, senior research analyst for the board, which released its monthly revenue report today.

The welterweight championship fight between Floyd Mayweather Jr. and Marcos Maidana at the MGM Grand helped draw big-time gamblers to Las Vegas, Lawton said. There was also a noticeable uptick in horse-race betting with the Kentucky Derby and the Preakness.

Casinos on the Las Vegas Strip reported winnings of $841.8 million, an increase of 8.9 percent from May 2013.

Reno casino revenue was up 4 percent in May to $52 million, and South Lake Tahoe gambling revenue was up 18 percent to $17 million.

Nevada officials collected $56 million in taxes on the May winnings. That’s down more than 2 percent over last year.

The board reported it has collected $682.3 million in gaming taxes in the last 12 months, an increase of 0.5 percent.

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