Good November for Nevada

Slots play, record sports betting activity, and the calendar, helped Nevada casinos to post a 7.8 percent increase in gaming revenues this November and move slightly ahead of the revenue pace from a year earlier, the Nevada Gaming Control Board reported. For the month, state casinos netted $944.3 million from $8.5 billion in wagers.

Nevada casinos had a good month in November, with a 7.8 percent rise in revenues from a year earlier.

The Nevada Gaming Control Board reported Nevada casinos took in $944.3 million , mostly from slot machines and a record month for sports betting. The $944.3 million is a 7.8 percent increase from November 2014.

Casinos took in $596.4 million from slot play, which was up 13 percent from a year before. Sports books took in $557 million for the month, breaking the prior record by more than $21 million, which was set in November 2014.

The calendar helped to boost reported casino revenues in November, during which gamblers wagered more than $8.5 billion, according to the Gaming Control Board.

November 1 fell on a Sunday, and the month’s last day was a Monday, which created an accounting anomaly that helped to boost November gaming numbers.

When wagers are laid, they aren’t counted as revenue until the casino collects them. That means wagers laid on a busy Halloween weekend counted toward November’s take, instead of October, state regulators explained.

Overall, gaming revenues grew by 5.4 percent on the Las Vegas Strip, another 25 percent in downtown Las Vegas, and 3.3 percent in Reno. Other markets reported declining revenues from a year ago.

For the year, gaming revenue is up by 0.6 percent statewide, the Gaming Control Board reported.