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Nevada’s gaming revenue for April came in at $936.5m (€840m), the first month this year that the state’s total has failed to hit the $1bn mark, and fourth in a row when the state’s gaming revenue has endured a year-on-year fall.
Official figures released on Wednesday by the Nevada Gaming Control Board showed a 1.8% decline from the same month last year in casino gaming revenue, and around $87m less than the previous month’s result.
The majority of state revenue was derived from slots, which accounted for $658.8m (70.3%) of the total, which was almost perfectly flat year-on-year. This was offset by a 5.8% drop in table, counter and card games (including sports and race betting) to $277.7m.
The state’s sportsbooks reported total revenue of $21.65m, up nearly 30 per cent year-on-year, although that sum was down by a similar margin from March’s result.
The start of another Major League Baseball season resulted in the books collecting just over $10m in revenue, a nearly 42% rise over April 2018. However, the final games of the NCAA March Madness tournament and the start of the NBA playoffs didn’t have as positive an effect on basketball revenue, which was down 14.6% year-on-year to $7.8m.
While casino properties registered fewer conferences, occupancy rates continued to keep steady at 91 per cent of capacity. A slight increase in visitors numbers has also been noted.
