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Baccarat decline pushes Nevada revenue down 2.2% in March


Gambling revenue in Nevada fell 2.2% year-on-year in March, primarily due to a 51.0% drop in baccarat revenue during the month.

Total market revenue in March reached $1.31bn, down from $1.35bn in the same month in 2022 but 5.7% higher than $1.24bn in February of this year.

Slots remained the primary source of revenue by some margin, generating $906.5m worth of revenue during the month, up 0.4% on last year. Multi-denomination slots led the way with $510.5m in revenue, followed by penny slots on $287.6m.

Revenue from table, counter and card games, including sports betting, activity slipped 10.3% year-on-year to $405.6m.

This was mainly due to a drop in revenue from baccarat, which last year drew the highest portion of revenue in this area. Baccarat revenue in March this year was $64.5m, compared to $131.7m in 2022.

Blackjack generated the most revenue in the table, counter and card games segment at $132.9m, ahead of baccarat and then craps with $40.7m.

In terms of sports betting, revenue reached $43.9m, a year-on-year increase of 19.0%. Of this total, $25.6m came from mobile betting.

Basketball betting generated $44.9m in revenue, while in contrast, football wagering led to a loss of $13.4m for operators. Hockey betting revenue was $4.9m and other sports $7.3m.

Revenue from Clark County, which includes Las Vegas, stood at $1.015bn, with revenue from the Las Vegas Strip at $724.6m.