Nevada Gaming Revenue Up In October
By Bob Garcia
Nevada gambling revenue had a great month in October according to new figures released by the state’s Gaming Control Board yesterday. In fact, in a hugely positive step, Nevada saw gaming revenue increase by 11.1 percent over October 2015 with $986.2 million being won over the length of the month. This number is all the more remarkable given the fact that visitor numbers to the Las Vegas were down in October for the first time in five months. The visitor numbers represented a slight decline of 0.6 percent over the amount of people who visited Sin City in October 2015 with 3.8 million people coming to town in 2016. The reason for the visitor drop was put down to a fewer amount of conventions taking place in Las Vegas over October and the fact that there was one weekend night less in October 2016 than in October 2015.
Despite the small drop in visitors to Vegas, it was The Strip itself who put in the best contribution to Nevada’s gaming revenue, with a 14 percent increase in revenue in October 2016, well over the statewide 11.1 percent increase. Pretty much all facets of the gaming industry in Las Vegas and Clark County had a great October, with sports and football betting in particular coming in very strong.
A Gaming Control Board analyst, Michael Lawton, said, “It was the third highest total all time for sports volume at $517.2 million and the second highest all time for football volume at $400.5 million.”