CASINO

Nevada casino gaming revenue flat in November, new online poker low

TAGs: Nevada, Nevada gaming control board

nevada-casino-revenue-flatNevada casino gaming revenue was flat in November, but that was good enough to end a three-month streak of year-on-year declines. Figures released Tuesday by the Nevada Gaming Control Board show revenue nudged up a mere 0.04% to $876.3m in November, despite a 4% year-on-year decline on the Las Vegas Strip, which posted revenue of $508.3m.

For once, VIP baccarat isn’t entirely to blame for the Strip’s problems as baccarat revenue fell just 1.4% to $128.2m. But blackjack fell 14% to $82m, craps fell 11.4% to $23.8m and roulette fell 29.4% to $19.8m. The rest of the table games fared as follows: three-card poker ($12m, -3.3%), pai-gow poker ($8.6m, -19%), mini-baccarat ($8.2m, -19.7%), let it ride ($3.1m, -5.6%), keno ($2.4m, -4.3%), pai gow ($1.2m, +38.8%) and bingo ($792k, +307%). Slots revenue rose 5.9% to $527m.

Brick-and-mortar poker revenue fell 6.9% to $9.3m while the state’s regulated online poker market reported a new record low revenue of $641k, down $24k from the previous month. Ultimate Gaming withdrew from the market in mid-November, leaving just Caesars interactive Entertainment and SouthPoint’s RealGaming.com holding Nevada online poker licenses.

Nevada’s sportsbooks saw revenue rise 5.7% to $32.4m as betting handle topped $535m, a new single-month record.. Football revenue rose 14.6% to $27.9m on a hold of just under 7%. Nevada books have made $82.1m on football from September to November, more than they made on football in all of 2013. Sports parlay cards fell 5.5% to $5.2m, basketball fell 2.8% to $3.2m and other sports fell 42% to $641k. Laggard baseball bettors dragged down the numbers by cashing in $4.7m worth of winning tickets. The state’s racebooks reported revenue down 14.4% to $4.2m.

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