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Nevada monthly revenue falls below $1bn for first time in 2019


Nevada’s gaming revenue for April came in at $936.5m, the first month that the state’s total has failed to hit the $1bn mark in 2019. 

Total revenue was down 1.8% year-on-year, and 8.5% sequentially. The majority of state revenue was derived from slots, which accounted for $658.8m (70.3%) of the total, up marginally year-on-year.

This was offset by a 5.8% drop in table, counter and card games (including sports and race betting) to $277.7m.

Sports betting saw revenue grow 32.7% year-on-year to $21.7m. An operator hold of 6.6% in April suggested total handle of $328.1m for the month, significantly down from March’s figures, which benefitted significantly from the NCAA’s March Madness tournament.

Baseball proved the most popular sport in April, accounting for $10.0m of revenue, followed by basketball’s $7.8m contribution. The casinos made a loss of $4.8m on football betting, which drove down figures, while a further $8.6m was wagered on other sports.

Nevada’s race books, meanwhile, saw revenue decline 10.9% to $2.5m.

As usual, the bulk of revenue came from Clark County, including Las Vegas, which generated $808.6m (86.3%) of April’s total. This was down 2.0% from April 2018’s revenue of $825.3m.

The Las Vegas Strip saw revenue decline 3.5% year-on-year, with slot revenue flat and table, counter and card games’ contribution falling 9.0%.