Operator News
US – Nevada celebrates seventh year of growth out of eight
By Phil - 3 August 2018
A year of ‘widespread growth’ was welcomed by the Nevada Gaming Control Board who said that all 16 of the markets it regulates reported revenue increases over the last year for the first time in 18 years.
Nevada’s GGR increased by 3.2 per cent during the year ending June 30, reaching $11.8bn with the Strip accounting for more than half of that.
Mike Lawton, Senior Analyst with the control board, said: “We are happy with that increase. We like to see that widespread growth across all markets. We haven’t had a report like this in quite some time. Every one of those markets is in positive territory. That hasn’t happened since fiscal year 2000, where every market came in positive for the fiscal year.”
Nevada’s gaming revenue has now increased in seven of the last eight years.
Lawton said the positive trend was driven by an increase in slot revenue, which added Slots accounted for $7.5bn of the total an increase of $257.6m year-on-year and representing about 70 per cent of the total.
Revenue from table games and sports books increased to $4.2bn from $4.1bn with sportsbooks generating $281.6m, the most they have ever earned. Strip casinos accounted for $6.6bn of the total and were up two per cent whilst Downtown Las Vegas generated $628m, marking a year-over-year rise of 3.2 per cent.
