Nevada sportsbooks have second-best January on record

Nevada casinos topped the $1b gaming revenue mark in the first month of 2018, thanks in part to a near-record January at the sportsbooks.

Figures released Wednesday by the Nevada Gaming Control Board show statewide gaming revenue hitting $1.015b in January, a 2.5% decrease from January 2017. The decline was almost entirely limited to the Las Vegas Strip, where revenue fell nearly 9% to $554.7m, while virtually all other regions of the state were in positive territory.

Statewide slots revenue was up 7.6% to $655.5m, while total games & tables revenue declined 10.5% to $359.5m. Nearly all the major table games were down double-digits, led by baccarat ($113.2m, -28.3%), blackjack ($97.5m, -11.8%), roulette ($27.7m, -11.5%) and three-card poker ($10.7m, -5.8%). Craps proved an outlier, rising 12% to $35.3m.

The casinos’ sportsbooks had a stellar month, with overall revenue shooting up nearly 216% to $25.1m. The state’s racebooks weren’t as fortune, with revenue down 3.1% to $3.1m.