Nevada gaming win tops $1 billion for 5th time this year; Lake Tahoe casinos up for September
Nevada gaming win topped $1 billion in September — the fifth time it has done so this calendar year.
The total of just under $1.1 billion is a 6.8%, $67.7 million increase compared to September 2018.
The total was driven by a 54% increase in Baccarat win to $108.5 million despite the fact that Baccarat betting volume was down. Gaming Control Board analyst Mike Lawton said the percentage of bets the casinos kept — the hold — was 19.5%, far higher than the 12-month average of 12.5%.
Lawton said there were a number of top-flight special events in Las Vegas during the month. That included a Keith Urban concert at the newly remodeled Coliseum inside Caesar’s, two shows by Elton John at T-Mobile and a concert by the Eagles performing their entire Hotel California album.
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Both Lake Tahoe reporting areas saw increases this September but the Carson Valley reporting area, which includes valley portions of Douglas County, suffered a decrease.
Carson reported $9.8 million in total win, a decrease of 4% of $403,000. But Carson had a very difficult comparison because last September was up 10.5% due to a huge increase in table game win a year ago. This year, game and table win fell 27%, accounting for $300,000 of that decrease. Slot win didn’t help, falling 1.1% or $102,000.
The area is up just eight tenths of a percent for the year.
South Lake Tahoe casinos reported $18.2 million in win, a 2.5%, $442,000 increase. They were up against a very soft comparison since win was down 15.8% last September. Slot win was up 6%, $773,000 but table game win fell 6.7%, essentially cutting the slot win gain in half.
But South Shore is down 3.4% for the year thus far.
North Shore casinos at Crystal Bay were up but only by a fraction under 1%, to $2.6 million. That increase is only $25,000 more than a year ago.
Washoe County was down 3.4% or $2.7 million in September. Total win was $76.2 million. Washoe is now down 1.4% for the calendar year.
Finally, Churchill County had a banner month in September, reporting a 6.49% increase over a year ago. Total win was $1,734,000.
The increase was the result of a solid 7% increase in slot win that offset a 6.1% decrease in game and table win. The vast majority of Churchill’s gaming win is slots with only $65,000 coming from games and the race and sports book category.
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