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Gamblers Lose $517 Million On Las Vegas Strip In November

Revenue Down 3.5 Percent Year-Over-Year

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The second-to-last month of 2016 wasn’t a good one for Las Vegas casinos.

Casinos on or around the Las Vegas Strip won a combined $517 million from gamblers during the month of November, according to figures from the Nevada Gaming Control Board. The revenue was 3.5 percent less than what was won in November 2015.

Over the 12 months prior to the end of November, Strip area casinos won $6.4 billion, about one percent more than during the same period the previous year.

Both table games ($259 million) and slots ($258 million) were down for the casinos last month. Baccarat, which alone generated $84 million in revenue, was down 23 percent year-over-year.

Statewide

The 325 gambling facilities statewide won a combined $930.4 million in November, a decrease of 1.5 percent year-over-year.

Baccarat was largely to blame for both the Strip and the state’s overall performance. Only about $800,000 in baccarat revenue was generated outside the Strip area.

Over the Dec. 1, 2015 to Nov. 30, 2016 period, Silver State casinos won $11.3 billion, a nearly two percent increase from the same period a year prior.

Nevada casinos won $11.1 billion in 2015, a small gain year-over-year but still less than the record $12.8 billion won in 2007, the year before the Great Recession.

How the individual games performed

Statewide, table games were down 6.5 percent year-over-year to $325 million, while slots were up about 1.5 percent to $605 million.

Here’s a look at the games and tables:

Blackjack: $95.8 million (13 percent increase)
Baccarat: $84.8 million (23 percent decrease)
Roulette: $33.6 million (39 percent increase)
Craps: $29 million (9 percent increase)
Sports betting: $19 million (55 percent decrease)
Poker: $8.9 million (0.7 percent decrease)

The sports books had a rough month thanks to a meager $6.6 million won from football bets. The flat November for Nevada poker rooms continued the year-long trend.

 
 
Tags: Gaming Revenue,   Las Vegas,   Nevada,   Strip