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Nevada gambling revenue exceeds $1.3bn in October

| By Robert Fletcher
Gambling revenue in Nevada increased 3.1% year-on-year to $1.32bn (£1.04bn/€1.21bn) in October, helped by growth across multi-denomination slots, baccarat and sports pool betting.
Nevada October

Revenue was ahead of $1.28bn in October 2022 and also 3.9% more than $1.27bn in Nevada in September this year. It was also the best October revenue total in the history of the state’s market.

Slots drew the lion’s share of revenue, generating $894.9m in revenue in October. This was 2.0% higher than in the same month last year.

Multi-denomination slots were the single highest revenue source with $527.8m for the month, up 16.3%. Incidentally, almost all other slot games reported a decline in revenue, including penny slots, with revenue dropping 11.7% to $271.9m

Baccarat growth continues in Nevada

Figures released by the Nevada Gaming Control Board showed table, counter and card game revenue edged up 4.2% to $420.3m. This was helped by ongoing growth within the baccarat segment, with revenue jumping 35.3% to $89.8m. 

Blackjack, also known as 21, was the main source of table, counter and card game revenue. However, revenue from these games slipped 12.6% year-on-year to $114.1m.

Craps revenue jumped 8.2% to $40.4m and roulette 4.2% to $34.5m. Ultimate Texas Hold’em revenue dipped 13.9% to $13.5m while three-card poker revenue also fell 5.6% to $10.0m in October. 

NFL betting drives sports pool revenue up 19.8%

Sports pool betting is also reported as part of the table, counter and card game segment in Nevada. Here, revenue was 19.8% up year-on-year at $61.1m.

Football betting accounted for $48.3m of sports pool revenue during October. Some $9.5m came from baseball betting, $3.2m basketball and $2.2m ice hockey. A further $1.5m was attributed to parlay cards and the remaining $3.5m other sports. 

The Nevada Gaming Control Board also noted $35.1m of all sports pool revenue in October came from mobile betting.

Las Vegas Strip revenue hits $714m in October

The Las Vegas Strip drew 54.3% of all gambling revenue in Nevada in October. This total was 1.2% ahead of the same month in 2022.

Strip slots revenue edged down 1.1% to $406.0m but table, counter and card game revenue climbed 4.4% to $308.5m. The latter included $89.8m in baccarat revenue and $87.3m from 21.

Sports pool revenue on the Strip jumped 27.9% to $26.9m, some $10.8m of which was from mobile betting.

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