Nevada gaming income up 1.26 percent in September

Tuesday, Oct. 30, 2018|2:27 p.m.

Nevada video gaming revenue increased 1.26 percent to $991.2 million in September compared to the exact same month a year back, the state Video gaming Control panel reported today.

The statewide jump took place in spite of the Las Vegas Strip seeing a decline in earnings, down 3.7 percent to $546 million.

An 11.7 percent decrease in table video game win was largely responsible for the weaker Strip earnings, stated Michael Lawton, senior research study analyst with the board’s Tax and License Division.

“We faced really poor hold outcomes on table games,” Lawton said. Baccarat, blackjack and craps hold portions were off, he said.

The weak table games efficiency was partially balanced out by a 5 percent boost in the slot machine win on the Strip.

Strip revenue for the three-month period from July to September likewise was down 7.2 percent.

Lawton, nevertheless, pointed to a strong upcoming convention season as factor for optimism.

“We are optimistic that this is just a blip and will see some reinforcing heading into completion of the year and into next year,” he said.

Downtown Las Vegas saw profits of $55 million, up 11.64 percent, while the rest of Clark County was up 1.52 percent to $843.4 million.

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