Nevada Casino Take Just Shy Of $1B In November

Decline In Baccarat Haul Cited For Revenue Decline

Associated Press
December 30, 2019 - 4:34 am
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LAS VEGAS (AP) — Nevada casinos brought in nearly $938 million in winnings in November, down slightly from the same month a year ago, regulators said Friday.

A steep decline in baccarat winnings contributed to an overall 3% decline in total winnings from the same month a year ago, the Nevada Gaming Control Board’s report shows. Winnings also declined in blackjack and slot machines.

Winnings increased from the same month a year ago in roulette and craps.

Driven by a major increase in football betting, Nevada sportsbooks won $31 million last month, up 14.3% from last year, according to the report.

The November haul was down slightly from October when Nevada casinos reaped more than $1 billion in winnings, the sixth time this year the state had topped the mark in a key index of fiscal health.

The nearly $11 billion in winnings the casinos have hauled in over the last 12 months was up nearly 1% from the previous year, the report shows.

Gambling tax revenue is second only to sales taxes as a percentage of the state’s annual budget. Nevada has no state income tax.