Nevada August casino revenue slips as bettors beat up sportsbooks

Nevada casino gaming revenue suffered a modest setback in August, despite solid public interest in the state’s sports betting operators.

Figures released Wednesday by the Nevada Gaming Control Board show statewide gaming revenue of $743m in August, a 22% decline from the same month last year and slightly below the $756.8m the casinos generated in July 2020.

The year-on-year decline was significantly greater on the Las Vegas Strip, where casinos reported revenue falling 39.2% to $317m, which was also a slight fall from July’s $330m. Downtown Vegas venues were down 21.5% to $35.6m, while the Boulder Strip rose nearly 30% to $70.9m.

Nevada’s slots revenue was off 14.7% year-on-year to $525.4m, while the ‘table, counter & card games’ segment slid 35.6% to $217.6m. Nearly all table games suffered steep declines, led by blackjack ($58.3m, -40.4%), baccarat ($46.3m, -53%), craps ($28.9m, -20.6%) and roulette ($21.2m, -28.7%).