Nevada casinos fail to top $1b revenue mark as strike looms

Nevada sportsbooks set a new betting handle record for the month of April while overall casino revenue fell shy of the $1b mark for the first time this year.

Figures released Thursday by the Nevada Gaming Control Board show statewide gaming win of $953.7m in April, up nearly 7.6% from the same month last year. Las Vegas Strip casinos reported revenue up 5% to $499.5m, while Downtown casinos surged 15.6% to $60.5m.

April’s gains were largely thanks to slot machines, which gained 10% to $658.9m, while total games & tables revenue nudged up 2.4% to $294.8m. Blackjack led the table tallies with $94.1m (+8%) while baccarat slumped 17.7% to $65.1m. Roulette had a solid month, rising nearly 69% to $31m, but craps lived down to its name, dipping 3.7% to $29.9m.

Nevada’s sportsbook operators reported revenue up 8.1% to $16.3m, marking the 57th straight month the books have beaten the punters. The number would have been far higher had football bettors not cashed in $3.9m worth of outstanding tickets. Overall betting handle hit $316m, the best April result since 2015’s $292m.