(Noell Evans) – For the sixth time this year, Nevada casinos pulled in more that $1 billion in winnings in a month. The recently released total for October 2019 was $1.02 billion. That’s off 3.8 percent from a year ago and down from the record reached in September of this year.
In September, casinos across the state reported $1.06 billion in winnings, the highest amount ever reported in September of any year.
The breakdown of October’s winnings saw $538 million coming from the Las Vegas Strip, $68 million from gaming venues in downtown Las Vegas gaming, $78 million was collected in Boulder, and $53.2 million from Reno.
The boost to casinos was brought about by a number of factors including the increasing popularity of sports betting. In October, sportsbook winnings totaled $49.7 million. That’s an increase of nearly 62 percent from the previous year.
“Although this month represents a decrease, the state is still up 0.9 percent, calendar year to date, and this month represents the sixth time this calendar year that $1 billion in gaming win has been recorded,” Nevada Control Board analyst Michael Lawton said, according to the website Seeking Alpha. “This exceeds calendar year 2008 when this bellwether amount was reached five times.”