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Nevada gaming revenue up year-on-year in April, but down from March


Gaming revenue in the state of Nevada was up 8.6% year-on-year to $1.13bn in April, though this total was 16.8% less than in March.

Slots continued to make up the majority of revenue, at $804.1m, which was up by 1.4% year-on-year, but down 11.0% month-on-month.

Just under half of this total came from multi-denomination slots, where revenue was up by 11.9% to $397.4m.

Revenue from penny slots, meanwhile, was down 10.5% year-on-year to $305.0m. One dollar slots brought in $55.8m, up 1.0% from April 2021.

Table game revenue rose much more rapidly, by 31.9% to $324.4m. This total, though, was 28.3% less than in March.

Twenty one was the most popular card game, as players staked $727.7m and casinos won $94.9m, up 35.1% from April 2021. Baccarat stakes were $558.9m, while revenue came to $51.8m, up 75.9%.

Roulette was third in revenue with $39.5m, as players staked $180.7m.

However, craps stakes were higher at $226.6m, despite lower revenue of $33.8m.

Sports betting revenue, meanwhile, was $25.4m. This was down by 6.9% from April of 2021. However, betting handle was up by 27.4% to $583.1m, as betting margins declined sharply.

Breaking down sportsbook revenue in more detail, mobile betting revenue plummeted by 41.2% to $10.5m, with the remaining $14.9m coming from retail wagers.

Basketball was by far the biggest contributor to sports wagering revenue, bringing in $14.6m on bets worth $247.0m.

Baseball betting revenue was $7.1m, on wagers worth $187.7m.

American football wagering was heavily influenced by the annual NFL Draft in April, with many bets that took place in earlier months being paid out when the draft occurred. As a result, revenue from the sport was negative, as players won $7.5m despite staking only $3.3m, resulting in negative revenue from the sport of $4.1m.

Hockey revenue was $933,000 on bets worth $62.2m, while revenue from other sports was $6.9m, on wagers worth $82.1m.

Looking at revenue geographically, venues in Clark County – which includes Las Vegas and its surrounding areas – brought in $960.5m, up by 11.0% year-on-year. Revenue from the Las Vegas Strip was $593.5m, which was up by 22.8%.