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May 2013 Nevada Revenues Increase
Friday July 12,2013 : SLIGHT IMPROVEMENT IN NEVADA MAY REVENUES
Improved win rate on baccarat drives a 1,37 percent rise in revenue
Statistics released Thursday by the Nevada Gaming Control Board show that land casino gaming revenue in the state rose 1.37 percent in May to $897.2 million, driven by an improved 11 percent win rate on baccarat compared with the 8 percent experienced in the same month in 2012.
Overall table game win rose 7.2 percent to $293.6 million, despite the fact that total table game handle fell 7 percent.
Slots win hit 6.43 percent, adding $581.4 million to Nevada’s May numbers.
The Board reports that overall results were better on the Las Vegas Strip, with revenue up 6.8 percent, and note that over the year so far statewide gaming revenue is up 2.4 percent to $10.1 billion.
Casino winnings in Reno jumped 9.8 percent.
Baccarat revenue topped all table games, up over 25 percent to $93.1 million; blackjack rose 15 percent to $83.2 million; craps was up almost 17 percent to $33.4 million, and roulette was slightly lower at $32 million.
On the poker front, three-card poker delivered revenues of $13,2 million - up about 6 percent; Pai gow poker went over 6 percent negative to $8.9 million; mini-baccarat soared 25 percent to $8.2 million; keno went negative by almost 3 percent to $2.7 million; bingo came in at $1.5 million from a low base; and ‘other games’ revenues were up 3 percent at $13 million.
Poker revenues declined 1 percent to $10.4 million, an interesting development coinciding with Ultimate Poker's debut in late April as Nevada's first legal and licensed online poker venue.
Sportsbook revenues slipped drastically by over 40 percent to $5.7 million with an almost 3 percent hold, but racing showed a 3.5 percent rise in revenues to $5.7 million, with hold up a creditable 15.3 percent. Football betting was dismal, basketball wagering plunged over 56 percent to a miniscule $1.7 million, and baseball delivered $4.2 million - a significant 22.3 percent decline compoared with May 2012.
State taxes collected on the May win totaled $57.5 million, an increase of 10.9 percent.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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