Las Vegas numbers improve thanks to baccarat win
The Strip has seen its casino win increase by 18%
Las Vegas has had to contend with a growing gambling market in the US that is becoming increasingly more competitive. As a result, domestic gambling in the gaming mecca has faltered somewhat from previous years, but June saw a decent turnaround, according to the Nevada Gaming Control Board (NGCB). The month saw casino win jump almost 18%, driven primarily by baccarat.
According to the official figures, baccarat saw a year-on-year increase of $156.99 million, equal to a jump of 116.78%. Hold increased, as well, jumping 20.9% – the biggest increase since 2003.
Removing baccarat from the numbers, the Las Vegas Strip saw a table drop of 7.4% less than June of last year. Because of the card game, table drop was able to come in 2.3% higher year on year.
As a result of baccarat’s performance, casino win along The Strip increased almost 17.7% over June of last year, reported at $616.6 million. That figure includes slot machine win, which is always considered a mainstay of Vegas casino winnings. By itself, the slot industry contributed 3.5%.
Downtown Las Vegas saw an increase of 5.9% and Mesquite, 5.4%. The Boulder Strip increased, as well, but only 2.5%.
Across the entire state, the casino win was $1.04 billion, a year-on-year increase of 11.6%. The gaming win has now increased each year for the past four years, and eight out of the last nine. The latest completed month gave the state $710.5 million in taxes, representing an increase of 4% over June of last year.