Nevada Casinos Rebound After Sluggish Quarter With $1 Billion MonthNevada Gaming Control Board Reports $1.06 Billion Win In October |
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The month of October provided a much-needed rebound opportunity for Nevada casinos after a disappointing third quarter. Overall revenue climbed to $1.06 billion, which represented an impressive 7.5 percent increase year-over-year.
It also marked the fifth time this year that state casinos crossed the ten-figure threshold. Much of the growth was attributed to a 12.2 percent increase in revenue on the Las Vegas Strip, which brought in $593.4 million.
Table games revenue jumped by 10.8 percent thanks to surges in Blackjack and Roulette. In fact, only Baccarat saw a decline in revenue for the month. Sportsbooks also reported a small dip.
Nevada brought in $11.57 billion in total gaming revenue for 2017, and so far this year, gambling win is up a little less than 3 percent.
The state’s share in tax revenue for October came to $57 million, the vast majority of which is reserved for Nevada’s General Fund. The Las Vegas Convention and Visitors Authority reported 3.7 million travelers to the city during the month.
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