Nevada Gaming Posts Strong December Gains

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According the state’s Gaming control Board, Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,057,602,710 for the month of December 2019. This amounts to a 5.79% increase compared to December 2018, when licensees reported a gaming win of $999,678,537. For the fiscal year (July 1, 2019 through December 31, 2019), gaming win has increased 2.09%.

In Southern Nevada, the Strip posted a healthy 4.53% gain, driven by strong slot and table returns. Baccarat was down significantly; while trade tensions have eased we should see what impact the coronavirus outbreak may have on this game in the months to come. All of Clark County saw growth, with North Las Vegas and the Boulder Strip posting gains over 20 percent. Downtown continues to lead for the fiscal year to date.

In Northern Nevada, the story was different. Most areas took a loss, with the exception of Sparks and South Lake Tahoe which saw  8.1% growth in gaming win. North Lake Tahoe was the loss leader with a 7.17% decline.

The State collected $50,439,646 in percentage fees during the month of January 2020, based upon the taxable revenues generated in December 2019. This represents a 2.72% (or $1,336,472) increase compared to the prior year’s January, when percentage fee collections were $49,103,174.

Super Bonus: Unaudited figures show a sports book win of $18,774,148 was recorded on wagers totaling $154,679,241 for the Super Bowl – a hold of 12.1 percent. That marks the second-highest level of wagering and the highest hold rate of the last decade. A quick look: