Las Vegas casinos set a new revenue record in September
The gambling scene in Sin City picked up steam in September
With the largest reported win by the operators of $1.06 billion from gamblers, Las Vegas casinos hit a new high in revenue in September. The information was made public by the Nevada Gaming Control Board (NGCB) and this is the fifth time that casinos have surpassed $1 billion in revenue this year alone. This monthly revenue record has been reached 45 times already in the past.
The casinos located in the Silver State reported $1.06 billion in revenue, representing a 6.8% increase in comparison to other years. With the numbers of September released, this is now the fourth straight month in which the revenue increased. The total revenue reported in August was for $952.4 million, a nice jump in just one month.
Listed as the keeper of most of that revenue Clark County casinos generated almost the entire state’s earnings for $913.57 million. The Las Vegas Strip is definitely seeing this news with big eyes, winning $584.25 million in a period of 30 days. This represents 7% more over last September’s numbers and no other areas in Las Vegas experienced a greater increase in their numbers.
According to the Las Vegas Review-Journal, based on information shared by Michael Lawton, an analyst member of the NGCB, this revenue can be linked to outstanding winnings in baccarat. During last year, the card game represented a low 9.81% of revenue in comparison to the much stronger 19.47%. “This stronger hold offset soft volumes, as baccarat volume totaled $557.1 million, which was a decrease of $160.7 million or 22.4 percent from last year,” said Lawton. As expected, the slot machines are still the profit generators for casinos, the revenue combined was $690.2 million.