Las Vegas Sun

December 15, 2018

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Nevada gaming revenue up 1.26 percent in September

Nevada gaming revenue increased 1.26 percent to $991.2 million in September compared to the same month a year ago, the state Gaming Control Board reported today.

The statewide jump occurred despite the Las Vegas Strip seeing a decline in revenue, down 3.7 percent to $546 million.

An 11.7 percent decrease in table game win was largely responsible for the weaker Strip revenue, said Michael Lawton, senior research analyst with the board’s Tax and License Division.

“We ran into really poor hold results on table games,” Lawton said. Baccarat, blackjack and craps hold percentages were off, he said.

The weak table games performance was partly offset by a 5 percent increase in the slot machine win on the Strip.

Strip revenue for the three-month period from July to September also was down 7.2 percent.

Lawton, however, pointed to a strong upcoming convention season as reason for optimism.

“We are optimistic that this is just a blip and will see some strengthening heading into the end of the year and into next year,” he said.

Downtown Las Vegas saw revenue of $55 million, up 11.64 percent, while the rest of Clark County was up 1.52 percent to $843.4 million.