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NV gaming revenue slips to $771.2m despite record sportsbook contribution


Nevada gaming revenue reversed its trend of recovery in November 2020, declining 6.3% month-on-month to $771.2m on stakes of $9.42bn, while the state set a new revenue record for sports betting.

Slot machines made up the majority of revenue, but at $528.5m, this total was down 6.4% month-on-month and 14.3% year-on-year. Players staked $7.52bn on slots.

Multi-denomination slots brought in $237.8m, down 5.8% year-on-year, as players staked $4.30bn on the machines. Penny slots made up almost all of the remainder of slot machine revenue, at $224.4m on stakes of $2.24bn. One dollar slots followed with $36.0m in revenue while 25 cent slots brought in $13.1m.

Table gaming also declined from October, down 5.5% month-on-month and 24.4% year-on-year to $242.7m. Players staked $1.90bn on table games.

Blackjack brought in the most revenue, at $58.1m, but this was still down 32.6% from November 2019 and 1.5% from October. Total blackjack stakes came to $415.1m.

Despite lower revenue of $42.0m, down 44.6% year-on-year and 29.1% month-on-month, baccarat brought in the highest stakes of all table and card games, of $422.0m.

Craps saw the lowest year-on-year decline in revenue, but this figure still fell 15.1% to $26.9m. Roulette revenue came to $14.2m while Texas Hold ‘Em poker revenue was $6.0m.

Sports betting revenue, meanwhile, was almost exactly double that of November 2019, at a record high of $61.8m.

However, while Nevada led all states in revenue, its betting handle of $609.6m was well below New Jersey’s $931.6m, as well as down from October’s record $659.9m.

The majority of betting revenue was made through retail, with $23.5m generated online. However, more money was bet online than in person, with a total online handle of $343.9m.

Football was by far the most popular sport for betting, bringing in revenue of $56.0m on $501.8m worth of bets. Basketball brought in $816,000 on bets worth $34.6m, while with the Major League Baseball season ending in late October, sportsbooks made a loss of $4.3m on the sport.

Parlay cards brought in $5.7m in revenue on bets worth $10.2m while other sports brought in $4.0m as players staked $60.6m.

In Clark County, which includes Las Vegas, total revenue came to $639.8m. $218.7m of this total came from table games and $421.1m from slots.