Gaming Win Down on Strip, Up Statewide in April

Posted on by & filed under Nevada by the Numbers Blog.

Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $886,528,810 for the month of April 2017, according to a release by the state’s Gaming Control Board. This amounts to a 1.19% increase compared to April 2016, when licensees reported a gaming win of $876,135,199. After slumps early in the year, the win is now up 3.03% for the fiscal year to date (July 1, 2016 through April 30, 2017).

Source: Nevada Gaming Control Board

Downtown continued to have the best increase in gaming win both year over year and for the fiscal year in Southern Nevada. North Las Vegas and the Boulder Strip also rallied, carrying the Strip which was the only area to see a decline compared to April 2016.

In Northern Nevada, North Lake Tahoe had a big month but is still slightly down for the fiscal year, while Reno was down 4.8% but still up for the fiscal year.

The State collected $44,245,090 in percentage fees during the month of May 2017, based upon the taxable revenues generated in April 2017. This represents a 0.26% (or $116,405) increase compared to the prior year’s May, when percentage fee collections were $44,128,685.

And here’s some more detailed revenue stats, courtesy of our friends at Deutsche Bank:

 

April LV Strip Revs: -3.2% y/y (DB -0.7%)

April LV Locals Revs: +9.0% y/y

 

Strip Slots:

Slot Revs +3.8%

Slot Handle -0.3%

Slot Hold +32 bps

 

Strip Baccarat:

Baccarat Revs -27.0%

Baccarat Drop +0.5%

Baccarat Hold -495 bps (13.1% versus hold of 18.1% in April, 2016 and an LTM average of ~14.1%)

 

Strip Non-Baccarat Tables:

Non-Baccarat Table Revs +2.2%

Non-Baccarat Table Drop -7.2%

Non-Baccarat Table Hold +134 bps

 

Strip Total Tables:

Total Table Revs -10.8%

Total Table Drop -4.4%

Total Table Hold -97 bps