Figures released Saturday by the Nevada Gaming Control Board show statewide casino gaming revenue hitting $937.5m in the month of November, a 3% fall from the same month last year and well below October 2019’s $1.02b. Casinos on the Las Vegas Strip reported revenue falling 3.1% to just below $518m.
Nevada sportsbooks reported handling wagers worth $614.1m, a 5.7% year-on-year rise and 2.9% higher than the state’s previous record-high handle of $596.7m set this March. It’s the first time the state has exceeded $600m in betting handle.
Nevada’s November handle was also significantly greater than the $562.7m reported by New Jersey-licensed sportsbooks last month, although New Jersey’s November betting revenue of $32.9m eclipsed Nevada’s $31m (+14.3% year-on-year)
Football drove Nevada’s November betting revenue with $22.5m, up nearly 22% year-on-year, while basketball revenue fell nearly one-quarter to $8.15m and parlay wagering slipped 2.2% to $2.3m. ‘Other’ wagers nearly tripled to $4.2m, while the state’s race books saw their revenue fall 9.7% to $3.75m.
Nevada’s monthly total would have been far higher were it not for the nearly $6.2m worth of winning tickets cashed in by baseball bettors following the World Series.
Nevada’s slot machines reported revenue falling 2.9% to $616.7m, while the ‘table, counter & card games’ segment was down 3.5% to $320.76m. The table total suffered from drops in baccarat ($75.5m, -22.7%) and blackjack ($86.15m, -1.7%), declines that gains in roulette ($31.8m, +11%) and craps ($31.66m, +3.9%) couldn’t mask.
For the second month in a row, the state’s poker tables reported a double-digit revenue improvement. Poker brought in slightly below $10.7m in November, up 18.1% year-on-year, although around $100k less than October’s result.