Despite several segment declines, Nevada posted yet another month of over $1 billion in statewide gaming win in September, driven mainly by strong baccarat play on the Las Vegas Strip.
September’s overall win of $1.27 billion was a record for the month, and represented a year-over-year increase of 1.7 percent. Revenues are up 3.4 percent so far this year compared to the same period last year.
The Las Vegas Strip contributed $741.2 million of that total in September, a year-over-year increase of 6.9 percent. Baccarat proved to be the catalyst for the month, as its win of $147.4 million was about one-fifth of the Strip’s overall win. Despite a 3.2 percent year-over-year decrease in volume, hold percentage doubled from 11.5 percent in 2022 to 22.2 percent this year.
“If you excluded baccarat from the Strip’s total, gaming win on the Las Vegas Strip would have decreased by 3.4 percent or $20.8 million,” said Michael Lawton, senior economic analyst for the Nevada Gaming Control Board, according to the CDC Gaming Reports.
Despite the strong overall figures, several other markets and segments around the state reported declines—even the Las Vegas locals market saw a 6.2 percent year-over-year decrease in revenue.
Downtown Las Vegas reported a 7.9 percent decrease in revenue; the Boulder strip reported a 9.4 percent decrease; Mesquite dropped 1.9 percent; Reno saw a 7 percent decrease; Sparks reported a 6.7 percent drop, and South Lake Tahoe reported a 5.6 percent decrease.
Broken down by sector, statewide slot win totaled $814.6 million, a year-over-year decrease of 5.1 percent. This was the third time in the last four months that slot win has decreased, per CDC.
Statewide table and card game win jumped 16.6 percent year-over-year to $456 million, and hold percentage came in at 15.8 percent compared to last year’s figure of 13 percent.
State sportsbooks posted win of $62.3 million, an 11.8 percent drop from last year. Handle was $811.3 million, a 6.6 percent increase—$538.8 million of that came from mobile wagers.
