Gaming

Nevada’s betting revenue surged by 39.7% in August, with slots contributing to the total gross gaming revenue

Monday 30 de September 2024 / 12:00

⏱ 1 min read

(Las Vegas).- Overall gambling revenue fell again in Nevada in August, while Mississippi reported growth within its retail sports betting market.

Nevada’s betting revenue surged by 39.7% in August, with slots contributing to the total gross gaming revenue

Rounding up some of the latest monthly state results in the US, iGB takes a closer look at how a drop in slots activity saw overall gambling revenue fall in Nevada in August, while Mississippi reported growth within its retail sports betting market.

Mobile sports betting in Nevada was up 13% on 2023 to $14.8m, data from the Nevada Gaming Control Board shows.

Baseball reaped the highest revenue of all sports during the month, making up $9.7m of the vertical’s revenue in August, while American football betting hit $8.7m. However, hockey and basketball betting activity both generated losses for operators.

Betting across other sports generated $7.6m in additional revenue, with the Control Board noting that $14.8m of all wagering revenue came from mobile.

Meanwhile revenue from sports betting pools, which is counted under table games, jumped 38.9% year-on-year to $25m in August.

The Control Board does not disclose handle details for sports betting.

Nevada revenue down again in August

Total gambling revenue in the state slipped 3.8% year-on-year to $1.16bn (£869.8m/€1.04bn). The August total is also 7.7% behind the total posted in July of this year.

The primary reason for this decline was a drop in in-person slots revenue. For August, overall slots revenue fell 3.8% to $798.3m.

Double-digit declines were seen across one cent, five cent, 25 cent, one dollar and five dollar slots. However, multi-denomination slots, the main source of gambling revenue in the whole state, saw revenue climb 15.7% to $555m.

Categoría:Gaming

Tags: Sin tags

País: United States

Región: North America

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