Nevada surpasses $1bn gaming revenue mark in May

Nevada surpasses $1bn gaming revenue mark in May

Tuesday, June 30, 2015
Las Vegas enjoyed a successful month

Nevada casinos in May were able to collect more than $1bn (€906m) in gaming revenue for the first time since December 2013.

Figures from the Nevada Gaming Control Board (NGCB) reveal that casinos in the state were able to generate just over $1bn in gaming revenue during May, up 3.3 per cent on the amount posted in the same month last year.

Casinos on the Las Vegas Strip were the most successful operations in the state, with such venues generating almost $601.2m of the total figure.

Multi denomination slot machines proved to be the main source of income in Nevada, with such games collecting more than $254.1m in revenue during May. One cent slot machines were also popular with punters, pulling in over $247.6m in gaming revenue.

Data from the Nevada regulator also revealed blackjack remains the most popular form of table game in the state. Casinos posted a collective $122.7m in gaming revenue from the game during the month.

However, despite having posted impressive figures in May and surpassing the $1bn mark for the first time in over a year, the monthly gaming revenue total does represent slower year-on-year growth than in the corresponding month last year.

The NGCB in May 2014 revealed that casinos in the state recorded a collective 8.2 per cent year-on-year jump in gaming revenue, higher than the 3.3 per cent achieved this year. In addition, casinos on the Strip in May last year saw revenue increase by 17.3 per cent, compared to just 1.4 per cent this year.

 

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