Finance

Nevada casinos enjoy strongest month since February

1 minute read
Nevada casino revenue grew 10.5% from August but remained down 22.4% year-on-year, as low margins did not stop the state’s path to return towards normality following its novel coronavirus (Covid-19) shut-down.

Total revenue for September amounted to $821.1m, on stakes of $10.32bn, up 3.3% month-over-month. This represented the best monthly revenue total since February this year, the last full month of activity before Covid-19 disrupted the US casino market. 

Slots contributed $607.5m in revenue, down 12.0% year-on-year but up 15.6% from August as players staked $8.37bn.

Table games at the state’s casinos brought in a further $213.6m in revenue on stakes of $1.95bn. The total was down 41.2% from September 2019 – and 1.8% compared to August – though stakes fell 17.9% from the prior year total.

This decline was largely driven by an exceptionally low margin on baccarat. Although players stakes $487.0m more than on any other game – casinos took in just $14.2m, down 86.6% year-on-year.

Blackjack, on the other hand, posted strong margins for the month and brought in $64.6m in revenue on $417.3m worth of bets.

Read more on iGB North America.

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