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February 2016 Gambling Revenue up in Nevada
Thursday March 31,2016 : NEVADA GAMBLING FEBRUARY NUMBERS UP
Revenues up 8.1 percent year-on-year, boosted by Superbowl sports betting.
The Nevada Gaming Control Board reported Wednesday that gambling revenues in the Silver State were up 8.1 percent year-on-year in February, buoyed by strong sports betting on the Superbowl and an extra day due to a leap year.
Gambling revenue from football betting was particularly good, rising 10 percent, and positive for operators despite football winnings accounting for less than 1 percent of Nevada's annual gambling revenue, and sports betting overall accounting for about 2 percent.
Nevada sports books took in a record $132.5 million in Super Bowl wagers for this year's game, in which underdogs Denver Broncos upset the Carolina Panthers 24-10. The books held around $13.3 million of that, according to preliminary figures.
Total sports betting handle for February came in at $363 million - a February record.
On table games, revenue rose 8.3 percent, whilst slot action was up 7.8 percent.
Las Vegas Strip gambling revenue grew 7.3 percent to $570 million, while downtown Las Vegas brought in $51 million for a 17 percent increase. Reno casino revenue was up 6.9 percent to $48 million, and South Lake Tahoe revenue was up 3.8 percent to $16 million.
The (usually) big money generator, baccarat, was again flat in February.
The Nevada taxman benefitted to the tune of $51 million in February - down 12.9 percent year-on-year.
Board analyst Michael Lawton said that future events in the state could be good for operators in the weeks ahead, including March Madness, major fights and the grand opening of the T-Mobile Arena on the Las Vegas Strip.
Americas Card Room Online Super Series Starts Now -
The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).
New Quick Seat feature at Ignition Poker -
New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.
Finnish people prefer the government to run the casinos -
Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.
NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
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NHL Odds: Pacific Division Foes Face Off in Edmonton -
The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.
Bingo Cataratas Offers Unique Spin on Classic bingo -
Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.
NBA Odds: Hawks-Pacers in Regular-Season Finale -
Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.
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