In the western American state of Nevada and aggregated gross gaming revenues for August reportedly surged by a little over 3.5% year-on-year to surpass the $1 billion threshold for an 18th consecutive month.
According to a Thursday report from the Las Vegas Review-Journal newspaper citing official data from the Nevada Gaming Control Board, gambling-friendly facilities in Clark County accounted for almost 85% of the 31-day month’s finishing $1.2 billion tally while those located along the world-famous Las Vegas Strip amassed a figure that was slightly over $659.7 million. This positive performance purportedly followed a July in which aggregated gross gaming revenues from the jurisdiction’s 435 licensed casinos fell by around 3.1% year-on-year to stand at approximately $1.3 billion.
Continuing comeback:
Michael Lawton serves as the Senior Economic Analyst for the Nevada Gaming Control Board and he reportedly detailed that the August figure was 26.7% higher than the finishing tally for the same month in pre-pandemic 2019 despite holding one less weekend date. The experienced figure also purportedly credited this strong performance to an extensive calendar of Las Vegas events that encompassed a pair of Las Vegas Raiders home preseason games, Katy Perry’s residency at the Resorts World Las Vegas property and concert performances by the likes of the Red Hot Chili Peppers, Weeknd and The Killers.
Lawton reportedly told the newspaper…
However, Greff reportedly noted that the amount of cash that was last month wagered on games of baccarat in Nevada slumped by 6% when compared with the same month in 2019 while the resultant hold tally was similarly down. Nevertheless, the analyst purportedly asserted that receipts from the state’s collection of slots rose by 2.5% year-on-year to $847.1 million off of a 5.5% boost in stakes.
Comprehensive canter:
The Las Vegas Review-Journal reported that Nevada’s aggregated table games win for August had increased by 6% year-on-year to $361.4 million thanks to a 1.6% rise in drop while baccarat posted a 3.9% improvement to $96.7 million courtesy of a 0.9% swell in stakes. The newspaper finished by explaining that the state’s array of sportsbooks won $16.1 million last month, which equated to an annual surge of some 12%, as their hold improved by 0.58% to 3.93% despite a 4.4% deterioration in their combined handle to $408.7 million.