Nevada gambling earnings drops to $1.29bn in March

Nevada reported gambling earnings of $1.29bn (£1.03bn/€1.2bn) over March, a 3.7% month-on-month decrease.

March earnings in Nevada fell immediate of February’s total of $1.34bn, as smartly as 1.5% within the encourage of the identical month remaining year, when the utter’s licensees generated $1.31bn in earnings. The utter mild $86.5m in taxes for the month.

Slot machines continue to be the dominant product, accounting for $874.5m in earnings, 67.8% of the monthly total. Nevada’s slot earnings for March was 5.7% earlier than February’s total of $827.6m. Nonetheless, multi-denomination slots live the handiest machines within the section to file year-on-year suppose.

Within the intervening time, table, counter and card games had been to blame for $415.9m in earnings, 19.2% within the encourage of February’s figure of $514.6m. Whereas baccarat earnings fell 36.3% from $180.1m to $114.7m, it remains the largest earner among table, counter and card games.

Despite the March plunge, Nevada has mute collected $11.92bn in gaming earnings for its fiscal year-to-date, up 4.44% on the identical duration remaining year.

Nevada sportsbook earnings down despite March Madness

Despite the presence of March Madness within the month, Nevada’s sportsbook earnings fell to $29.8m for the length of March.

That would very smartly be a 37.8% plunge month-on-month, even supposing February did encompass a Good Bowl held in Nevada. The sport was conducted on the Allegiant Stadium, with the Kansas City Chiefs beating the San Francisco 49ers 25-22.

Basketball accounted for $32.5m in earnings, even supposing losses of $12.9m within the football sector carefully slash into the profits produced largely by March Madness.

Strip earnings also drops in March

Whereas Las Vegas Strip earnings topped $800m in February, Nevada failed to monitor up that success in March.

The Las Vegas Strip handiest generated $715.9m in March, 10.6% within the encourage of February’s total of $800.7m. March’s figure was also a 1.2% decrease year-on-year from the $724.6m generated within the identical month remaining year.

Slots on the Strip collected revenues of $401.4m, up on the $381.0 generated the month prior. Nonetheless, table, counter and card games received $314.4m in earnings, over 25% down on February’s total of $419.7m.

Cumulatively, with the Las Vegas Strip earnings included, Clark County’s casinos generated $1.13bn in March earnings, all once more 1.55% within the encourage of the identical month remaining year.

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