March Madness drives Nevada’s record b-ball betting revenue

Nevada casino gaming revenue nearly topped the coveted $1b mark in March as basketball and blackjack betting offset baccarat’s decline.

Figures released Wednesday by the Nevada Gaming Control Board show total casino gaming win hitting $991m in March, 7.45% higher than the same month last year and $45m more than the state reported in February 2017. Revenue on the Las Vegas Strip was up 8.1% to $542m while Downtown Las Vegas casinos saw their revenue spike 22.6% to $62.9m.

Nevada’s banks of slot machines had a good month, rising 6.3% to $655.4m, while the total games & tables tally rose 9.8% to $335.5m. Blackjack drove the table numbers, rising 12% to $112.7m, nearly twice the $58.4m generated by baccarat, which was down more than 11% year-on-year.

Craps also had a good month, gaining 8.8% to $35.1m, while roulette headed in the opposite direction, falling 3.1% to $28.6m. The state’s poker revenue – which includes a negligible contribution from the state’s flaccid online poker market – was basically flat at $9.6m.