Nevada sports betting up

Figures released Tuesday by the Nevada Gaming Control Board show that sports betting reached record levels in September, with state sportsbooks taking in $571 million, $389 million from football fans.

Nevada casinos won $56.3 million from the total wagered in sports, setting the highest sports pool win ever. Of that, $44.3 million came from bets on football.

Overall, casinos across the state raked in $991.2 million last month – up 1.3 percent over September 2017.

Michael Lawton, senior research analyst for the board, told local reporters: “If we would have held a little better in baccarat, we would have hit a $1 billion. So, it was a good month. Without baccarat, the state would have actually increased 4.3 percent.”

YTD numbers show that Nevada overall casino revenue is up 2 percent in 2018.

In September, Las Vegas Strip casinos saw revenues decline 3.7 percent to about $546 million as visitation numbers dropped. Lake Tahoe’s south shore in Stateline posted the sharpest revenue decrease – down 15.8 percent at $17.7 million.

The state harvested $54.5 million in gambling fees and taxes – up 7.6 percent y-o-y..

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