Nevada November revenue down 3 percent; sportsbooks hit record handle

December 27, 2019
By

Nevada brought in $937m of gaming revenue in November, down 3% year-on-year.
The state earned a record sports betting handle of $617m, which marks the first month that Nevada sportsbooks surpassed $600m in wagers.
 
Revenue from sports betting totaled $31m.
 
Nevada safely outpaced New Jersey’s November sports wagering handle of $563m.
 
Football accounted for over half of the November handle with $385m bet on the gridiron.
 
Basketball earned $167m in handle.
 
Revenue for the month would have been higher if not for the payout of World Series wagers, which costed sportsbooks $6.2m.
 
Table and card games produced $321m of revenue, a decline of 3%.
 
Casinos were hit hard at the baccarat table, where revenue dropped 23%.
 
Slots earned revenue of $617m, also down 3%.
 
Las Vegas Strip casinos earned $518m of the state’s November gaming revenue, hampered by a 6% drop off in table and card games revenue.
 
Downtown Las Vegas saw a 6% revenue decline with a pull of $52m.
 
North Las Vegas took in $19m of revenue, down 15%.
 
South Lake Tahoe suffered a tough month as revenue reached $14m, which marks a drop off of 19%.
 
Reno fared better than most of the state with revenue of $69m, down less than one percent.
State-by-State

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