- Nevada’s casinos are celebrating after a bumper may saw them take in close to $1 billion
- Business up across the state, with slot games the most popular followed by baccarat and blacjack
Nevada’s casinos seem to have more good months than bad, but even by their standards May was reportedly a bit special. According to the latest figures released by state regulators, Nevada casinos took in $991.6 million from gamblers in May, an increase of 3.5% year on year.
The good news was reflected statewide, with business on the Strip up 3% on the same period in 2016 and Downtown Vegas enjoying a bumper increase of 9.5%, pulling in $55.2 million alone.
Nevada cleaning up
Everywhere in Nevada there were casinos cleaning up in May; revenue in Reno was up 1.7% to $51.2 million and the casinos sited on the shore of Lake Tahoe took in $17.8 million, a 30% increase. May marks the third straight month in which gambling revenue has risen. With $860.7 million amassed during the month, Clark County accounts for the bulk of Nevada’s gambling revenue, which is to be expected given that the bright lights of Las Vegas lie within its limits.
In the three month period spanning March to May, casino revenue in Nevada was up 4.1%. So long as online gambling remains out of reach of the vast majority of Americans, it seems likely that Nevada’s casinos will flourish.
The bonanza that the state’s casinos enjoyed in May also brought good news for at least some of the gamblers who funded it; there was a 13.7% win percentage on table games and a 7% win on slots.
Slots lead the way
One form of gambling which has traditionally brought in a significant amount of revenue for Nevada is penny slots. In May, they continued to lead the way, providing a 10.2% win percentage in return for $282.7 million wagered. Other games that saw strong action include baccarat, at $100.9 million, and blackjack at $110.8 million.
As another indication that Vegas is flourishing right now, the Las Vegas Convention and Visitors Authority reported higher visitor thn volume during May, with convention attendance up 20.2%. Hotel room occupancy was also higher in May than during the same period in 2016, providing additional confirmation, lest it were needed, that Las Vegas is in rude health.
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