Gaming win for Nye County positive in latest Nevada report
Nye County gaming operators experienced a positive increase in gaming win in the latest report.
Nye County gaming establishments were up more than 9.5% in May in comparison to the same period last year; establishments brought in over $4.8 million in May compared to $4.3 million in the same month in 2018.
“Nye County was up 9.53% for the month of May while facing a pretty soft comparison; last May, Nye County was down 6.1%,” said Michael Lawton, senior research analyst for the Nevada Gaming Control Board, in an email.
According to data from the Control Board, gaming establishments in Nye County experienced just slightly over a 10% increase in revenue from slot machines—with high growth in nickel, penny, multidenominational and the other category tracked by the Control Board—in comparison to the same time a year earlier.
Nye County gaming establishments experienced an overall loss of more than 4.5% for table, counter and card games and also had losses in sports book betting in May when compared to the same time last year.
Nye County is also up 2.9 percent for the calendar year (Jan.-May) when compared to the same period a year ago, according to Lawton.
On the state level, gaming win was down just under 6% in May with a total of more than $981.8 million brought in by gaming establishments in the state. Gaming revenue in the same period a year ago was over $1 billion, according to data from the Control Board.
The Las Vegas Strip was down 11.1 percent in May from a year ago.
“When looking at Clark County and the Strip, the primary reason for their decrease this month and for the CY (calendar year) is baccarat play, which was significantly off (down $67.1 million) on the Strip and accounted for the entire decrease for the month of May,” Lawton said.
Contact reporter Jeffrey Meehan at jmeehan@pvtimes.com
A closer look
The state gaming win had its steepest drop of 2019 in May, off 6 percent from the previous year, to $981.8 million, the state Gaming Control Board reported June 27. It was the fifth straight monthly decline to start the calendar year.
The Las Vegas Strip win was down 11.1 percent for the month. That decrease was the sixth straight for the Strip.
The three-month gaming win trend, generally a more telling gauge of activity because it eliminates volatile swings resulting from calendar comparisons, showed a 2.7 decline statewide for the months of March,
Sports wagering had a similar percentage downturn for the month, but the total amount wasn't as dramatic because of low volume. The sports-betting win was down 45.1 percent, or $9.3 million, on volume that rose just 0.3 percent. But the hold was only 3.55 percent compared with 6.5 percent last year.
— Las Vegas Review-Journal
