Nevada casino gaming revenue falls despite record sports betting handle

Nevada casino gaming revenue fell in January despite state-licensed sportsbooks setting a new January record for betting handle.

According to figures released Friday by the Nevada Gaming Control Board, statewide casino gambling revenue fell 2.87% to $925.3m. Things were worse on the Las Vegas Strip, which reported gaming revenue down 7.7% to $522.3m, while downtown was up 8.8% to $42m, Laughlin improved 6.9% to $42.4m and Reno slipped 2.8% to $42.6m.

As one has come to expect, baccarat was the primary cause of the Strip’s decline, as the game’s win fell 26% to $101.8m despite a respectable 16% hold. Blackjack was also down, falling 6.8% to $91.1m, while roulette gained 1.5% to $35m and craps rose 12.9% to $31.7m.

The rest of the table game chart reads as follows: three-card poker ($12.6m, -7.6%), pai gow poker ($9.1m, -5.2%), mini-baccarat ($8.5m, +23%), let it ride ($2.8m, -13.1%), keno ($2.2m, +16%) while ‘other games & tables’ improved 9.7% to $17.2m and poker fell 2.9% to $9.5m. Slots revenue was up 3.2% to $579.3m.