Nevada Casinos Experience All-Time Highs In September RevenueOperators Win $1.06 Billion From Gamblers In September, The Largest Recorded Total For The Month |
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Nevada Casinos had the most profitable September in history, according to figures released by the Nevada Gaming Control Board.
Gross gaming revenue from Silver State casinos for the month was just shy of $1.06 billion. It’s the highest-ever recorded total for September and the fifth time that casinos have grossed more than $1 billion in 2019. Nevada casinos have now broken the $1 billion threshold 45 times.
The figure represented a 6.8 percent year-over-year increase. It is the fourth straight month of increases after the year kicked off with five months of declines. It is also a sharp increase from the $952.4 million in August revenue.
As always, Clark County casinos generated nearly the entirety of the state’s gaming revenue. The county’s casinos won $913.57 million from gamblers in September. It was an 8.27 percent year-over-year increase.
Las Vegas Strip casinos made up the lion’s share of the Clark County revenue, winning $584.25 million over the 30-day month. It is a 7 percent increase from September 2018. No area of Nevada saw a greater increase than the 19.89 percent increase from Downtown Las Vegas casinos.
Downtown casinos won $65.93 million, nearly $11 million more than the $54.99 million those same properties won a year ago. North Las Vegas casinos saw a 13.6 percent increase and Boulder Strip was the only other area with double-digit gains. Boulder Strip casinos were up 10.4 percent.
Michael Lawton, an analyst for the Control Board, told the Las Vegas Review-Journal that the increased revenue can be traced to above-average wins in Baccarat.
“Baccarat held 19.47 percent compared to a very weak 9.81 percent last year,” said Lawton. “This stronger hold offset soft volumes, as baccarat volume totaled $557.1 million, which was a decrease of $160.7 million or 22.4 percent [from last year].”
Slot machines were the most profitable offering for casinos. Properties netted a combined $690.2 million from slots, up 8.3 percent. It’s the seventh time this year that slot machine revenue has increased and overall slot revenue is up 3 percent in 2019.
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