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March 2016 Las Vegas Revenues
Thursday April 28,2016 : LAS VEGAS REVENUES DIP IN MARCH
3 percent year-on-year slide recorded.
Nevada regulators reported Thursday that gambling revenue for March 2016 slipped 3 percent year-on-year, with the casinos winning $951 million. The decrease was attributed mainly to lower winnings in the Las Vegas casinos.
The Nevada Gaming Control Board reported that Las Vegas Strip gambling revenue was down 4 percent to $487 million last month, and downtown Las Vegas was also down 4 percent at $51 million.
The state collected almost $73 million in tax revenue - down 8 percent from the same time last year.
Sports betting handle continued the upward trend this year with $460 million bet in March, most of it wagered on basketball. March is traditionally the biggest month for basketball betting, with the men’s NCAA basketball tournament - March Madness - and the NBA regular season winding down. March 2016 figures were $50 million better than last year.
Nevada sportsbooks won just $9.7 million, as they had to pay out about $13 million in old winning football tickets. That’s down significantly from the $18.5 million win for sportsbooks in March 2015.
2016 has been good for Nevada sports betting in terms of handle, with $363 million wagered in February and almost $450 million in January.
For the first three months of the year, there has been around $1.3 billion wagered overall in Nevada - a $183 million improvement over the same period last year.
Gambling News :
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
PartyPoker Exits Australia -
From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.
Mercury Poker Live on Indian Poker Network -
Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.
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