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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.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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