Nevada casino sportsbooks set revenue, handle records in 2018

Nevada’s casino gaming revenue fell just shy of the $1b mark in December, while full-year 2018’s tally came in just shy of $12b.

Figures released Thursday by the Nevada Gaming Control Board show statewide casino gaming revenue of $999.7m, a 4.1% rise over the same month last year and $30m higher than November 2018’s result. The gains came despite casinos on the Las Vegas Strip slipping nearly 1% year-on-year to $566.2m.

Slots revenue drove December’s gains, rising nearly 10% year-on-year to $635.9m. ‘Table, counter and card games’ revenue fell 4.4% to $363.8m due to declines in baccarat ($102.8m, -14.6%), blackjack ($89.4m, -10.9%) and roulette ($27.4m, -9.2%). Craps broke the negative streak with $32.4m, although this was up less than 1% year-on-year.

For 2018 as a whole, overall gaming revenue hit just under $11.92b, 3% higher than 2017’s result, but well below the market’s all-time peak of $12.85b set in pre-recession 2007. Slots improved 3.8% to $7.7b in 2018, while the other catch-all gaming category rose 1.6% to $4.2b.