Nevada State Gaming Revenue Up As Las Vegas, Nevada Recovery Continues

Nevada State Gaming Revenue Up As Las Vegas, Nevada Recovery Continues

The Las Vegas Strip enjoyed a revenue that is healthy in March. (Image: Wikipedia.org/Lasvegaslover)

Signs that vegas continues on the way to economic data recovery, as the Nevada Gaming Control Board announced that statewide income had increased 7.6 percent, to $982.2 million, during the month of March, and by 10.9 percent regarding the Strip, to $560.7 million.

The figures reverse a two-month decline in video gaming revenue to date in 2014, with table games, and baccarat in specific, yielding a robust turnover. Year-over-year, baccarat revenue increased by 39.9 % in March, while craps revenue grew by 36 percent, and blackjack up by 6.1 percent.

Slot machine turnover, meanwhile, had been up 3.8 percent, showing an increase for the third thirty days in a row. Baccarat, a high roller game which analysts believe ended up being instrumental in keeping the casinos afloat in the wake associated with the economic crisis, grew to $101.8 million in income, with the cards favoring the home 4 percent significantly more than they did year that is last. However, even without baccarat, statewide profits would still be up 4.8 percent over the board.

New Demographic

The figures reveal signs that customers are spending and gambling again, although in addition they suggest a brand new affluent Vegas demographic is emerging one which spends money on dining table video gaming, nightlife, restaurants and attractionContinue reading