• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Dashboard
  • EB5
  • Entertainment
  • feedback
  • Forgot Your Password?
  • Government
  • Home
  • Interviews
  • Login
  • Members
  • Meme generator
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Pick a New Password
  • Politics
  • Polls
  • Privacy Policy
  • Profile
  • Recent comments by me
  • Recent comments on my posts
  • Register
  • Submit post
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • About Us
  • Advertising
  • Contact
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Featured Article

Fewer baccarat winnings contributes to slower November in Vegas casino take

Fewer baccarat winnings contributes to slower November in Vegas casino take
The Center Square
January 10, 2020

Image by Free-Photos from Pixabay

(Sarah Downey) – Nevada casinos brought in $938 million in November 2019, down slightly from the same month a year earlier.

The Nevada Gaming Control Board’s report shows that a significant drop in baccarat winnings contributed to an overall 3 percent decline in total winnings compared to November 2018. Winnings also were down in the blackjack and slot machine sectors.

Winnings in roulette and craps both increased from the same month a year ago.

The report found that a major increase in football betting led to Nevada sportsbooks winning $31 million in November, which is 14.3 percent higher compared to the same month in 2018.

The November figures were down slightly from October, when Nevada casinos took in more than $1 billion in winnings. October was the sixth time in 2019 that Nevada gaming revenue exceeded the billion-dollar mark.

The close to $11 billion in winnings that the casinos took in last year was up about 1 percent from 2018, according to the gaming board’s report.

After sales taxes, gambling tax revenue makes up the largest percentage of the state’s annual budget. Nevada has no state income tax.

According to a recent report in Global Gaming Business magazine, baccarat has proven a boon to Las Vegas, where it has been rising in popularity at the flagship casinos on the Strip.

“There’s no denying the impact baccarat has on table game performance at every casino where it’s offered,” John Hemberger, senior vice president of table products at American Gaming Systems, told the magazine. “The average bets are sometimes so significant, they can be the leading force for driving performance on a monthly basis.”


By

Sarah Downey | The Center Square

Prev postNext post

Related ItemsCasinoFeatured ArticleLas VegasNevada
Featured Article
January 10, 2020
The Center Square

Related ItemsCasinoFeatured ArticleLas VegasNevada

More in Featured Article

Nevada police endorse Lombardo, gives Sisolak vote of ‘no confidence’

The Center SquareNovember 10, 2022
Read More
The Washington Monument and United States

Democrats’ letter urges amendment to National Defense Authorization Act

The Center SquareNovember 9, 2022
Read More

Last-Minute Election Eve Observations

N&V StaffNovember 8, 2022
Read More

Election ’22: Game Day!

N&V StaffNovember 8, 2022
Read More

Nevada Democrats outpace Republicans in spending and fundraising for top state races

The Center SquareNovember 8, 2022
Read More

Nevada’s new abortion information page includes complaint form for reporting crisis pregnancy centers

The Center SquareNovember 7, 2022
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Nevada Politics business Muth's Truths government Opinion Government Muth’s Truths Obama Ron Knecht News Donald Trump GOP Republicans

Copyright © 2022 Citizen Outreach | Maintained by VirtualAlly

New Year’s Resolution: Make the Badlands Nightmare Go Away
Ripping the Loincloth Off the Little Caucus that Couldn’t: Part I