Nevada hit by revenue decline in October

1 December 2015

The Nevada Gaming Commission regulatory body has revealed that the US state’s gambling market suffered a year-on-year drop in revenue during October, despite sportsbooks recording their second-best monthly betting handle total.

Revenue from casinos across the state totalled $887.6 million (€837.3 million), down 2.9% on the amount generated in October of last year.

Baccarat, traditionally one of Nevada’s biggest earners, was hit particularly hard during the month, with revenue from such activities down 21.7% year-on-year to $79.1 million.

Roulette also suffered a loss of 45.2%, although 21, craps and three-card poker - all big earners for the state - saw revenue increase in the month.

Slots suffered slightly during the month, with revenue down 1.4% to $572.2 million.

The overall drop in revenue also came despite sportsbook operators in Nevada reporting significant growth in the month, with revenue from sports betting increasing 21.8% year-on-year to $33.6 million.

Related article: Nevada boosted by revenue increase in September