Nevada hit by gambling revenue slump in August

The Nevada Gaming Control Board has cited double-digit losses by casinos on the Las Vegas Strip as a key reason behind a year-on-year decline in gaming revenue in August.

Gaming revenue in the US state amounted to $890.6 million (€795.2 million) last month, down 5% from August of last year, with revenue from Strip casinos down 15% to $451 million.

Statewide performance was boosted slightly by a 3.2% year-on-year increase in slots revenue to $594 million, but a drop in tables games, in particular baccarat, which fell 42% to $73.6 million, hit overall results.

Blackjack remained the top table games earner with $81.2 million, down 6.6% on last year, with craps falling 5.7% to $26.5 million and roulette down 0.5% to $25.4 million.

Elsewhere, the state’s sportsbook fell by 59% to $1.9 million, although overall betting handle was up slightly to $188 million.

Related article: Nevada returns to casino revenue growth in June