81°F
weather icon Clear

Nevada gaming win eclipses $1B in historic September

Casinos had luck on their side playing baccarat, and statewide gaming win last month eclipsed the $1 billion mark for the fifth time this year, the Nevada Gaming Control Board said.

Gaming win, the amount the state’s 447 nonrestricted licensees won from players, hit $1.059 billion in September, a 6.8 percent increase over the previous year.

The total was historic: It was the highest September total recorded, beating September 2007. It was the fourth September to surpass the $1 billion mark of the 45 times that monthly level has been reached.

It also was the fourth straight month of year-over-year percentage increases after five consecutive months of declines.

Baccarat, the table game of choice for many high rollers and one of the most volatile, was good to Nevada casinos in September.

“Baccarat held 19.47 percent compared to a very weak 9.81 percent last year,” said Michael Lawton, senior research analyst for the Control Board. “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).”

Lawton said that while baccarat play was strong in September, the game’s trends have not been favorable.

“Although this month’s baccarat results were a significant improvement over last year, the long-term trend for the state’s baccarat business remains choppy at best, as win is currently down 9.3 percent calendar year to date and volumes are down 12.4 percent,” he said Oct. 30.

Slot machine win totaled $690.2 million, an increase of 8.3 percent or $52.7 million, Lawton said. Slot win has increased seven times this calendar year and is up 3 percent so far in 2019.

“The positive trend line that we are witnessing in slots is being driven by continued increases to volumes which were up 1.4 percent this month,” Lawton said. “Slot volumes have increased in seven consecutive months and through September are up 2.1 percent.”

The three-month gaming win trend, generally a more telling gauge of activity because it eliminates volatile swings resulting from calendar comparisons, showed a 4.7 percent increase statewide for July, August and September. On the Strip, the three-month win trend was up 5.8 percent, and in downtown Las Vegas, it climbed 9.2 percent.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Ex-Nevada Gov. Brian Sandoval has breakthrough case of COVID-19

The current president at the University of Nevada, Reno, tweeted Wednesday that he is experiencing only mild symptoms after being vaccinated in the spring.

Pahrump Rotary Club Cash Extravaganza sold out

The Rotary Club of Pahrump Valley is just half a week away from its annual Cash Extravaganza, the club’s largest fundraiser of the year and one that draws plenty of attention and anticipation, and the event is now officially sold out, much to the delight of event organizers. After last year’s need to switch the event to a virtual format because of the COVID-19 pandemic, club members are all the more thrilled that they will be able to gather with the community for the 2021 event and excitement is running high as the annual bash approaches.

Pahrump jail booking, padded cell contract awarded

The Nye County Detention Center is all set for some upgrades following a unanimous decision by the Nye County Commission to award a construction contract to local company Top Rank Builders.

Nye County Commissioners receive second round of block grant project idea presentations

At their latest meeting, Nye County commissioners received a second presentation from applicants hoping to get in on the Community Development Block Grant funding made available for fiscal year 2022 and three separate ideas were put on the table by two different entities, including a couple of projects for town of Amargosa beautification and a third from the nonprofit Faith For Action aimed at tackling the local homelessness issue.

Pahrump Nugget hosts a Small Business Expo

There was no shortage of vendors that took part in the small business owner expo at the Pahrump Nugget this past weekend.

BLM moves forward on Green Link West project

Under an agreement between conservationists and a federal agency, a finding must be issued by the end of the month.

Pahrump fire crews return home

The assemblage of Pahrump Valley Fire and Rescue Services personnel recently returned home after assisting crews fighting the Caldor wildfire in the South Lake Tahoe area.

Lawsuit aims to end prostitution in Nevada

Two women who claim they were forced into sex trafficking have filed a lawsuit against Nevada officials and others over the state’s lax prostitution laws.

Health board votes to require vaccinations for all prison employees

The Nevada Board of Health voted Friday to require vaccinations for all Department of Corrections employees and workers at state institutions with “vulnerable populations.”