Baccarat driving revenue increases

Nevada casino revenue rose 2.9 percent this fiscal year

2014-07-28
Reading time 42 seg
(US).- Nevada casinos reported revenues of USD 11.2 billion last fiscal year, up 2.9 percent from the prior year. The increase was due mainly to baccarat. Casinos won USD 1.6 billion on baccarat games, a jump of 18.3 percent compared to the prior fiscal year and an all-time high.

“Baccarat is driving the bus,” said Michael Lawton, senior research analyst for the state Gaming Control Board, which released figures today for the 12-month period that ended June 30.

Without baccarat revenue, the statewide gaming win would have increased only 0.6 percent, Lawton said.

Slot-machine revenue fell 0.4 percent to USD 6.7 billion but still accounted for 60 percent of the total win, the lowest since 1991.Casinos on the Las Vegas Strip took in USD 6.6 billion, accounting for 58.9 percent of the total win in Nevada and a record high, Lawton said.

Sports betting brought in USD 227.4 million, up 46.5 percent and another record, and blackjack revenue was USD1 billion, up 4.8 percent.
Craps revenue, meanwhile, was $368.6 million, down 0.3 percent. Roulette winnings were USD 339.9 million, off 9.5 percent.

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