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October 31, 2014

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Nevada casino revenue hits $11.2 billion for fiscal year

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In this 2010 photo, a baccarat game is shown in the high-limit room at Hard Rock Hotel.

CARSON CITY — Nevada casinos reported revenues of $11.2 billion last fiscal year, up 2.9 percent from the prior year.

The increase was due mainly to baccarat. Casinos won $1.6 billion on baccarat games, a jump of 18.3 percent compared to the prior fiscal year and an all-time high.

“Baccarat is driving the bus,” said Michael Lawton, senior research analyst for the state Gaming Control Board, which released figures today for the 12-month period that ended June 30.

Without baccarat revenue, the statewide gaming win would have increased only 0.6 percent, Lawton said.

Slot-machine revenue fell 0.4 percent to $6.7 billion but still accounted for 60 percent of the total win, the lowest since 1991.

Casinos on the Las Vegas Strip took in $6.6 billion, accounting for 58.9 percent of the total win in Nevada and a record high, Lawton said.

Sports betting brought in $227.4 million, up 46.5 percent and another record, and blackjack revenue was $1 billion, up 4.8 percent.

Craps revenue, meanwhile, was $368.6 million, down 0.3 percent. Roulette winnings were $339.9 million, off 9.5 percent.

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