Stateline casinos show big jump for November
January 10, 2013
Stateline casinos showed the largest percentage jump in gaming win in the state, and a rare increase for November.
With $17.73 million raked in during the month, the main source of gaming revenue for Douglas County posted a 26.63 percent over November 2011. The win marked a nearly $2 million increase from October of this year, and was the highest November win since 2009.
Statewide, Nevada casinos took an 11 percent hit in November, partly because sports bettors and blackjack players got lucky and partly because the month suffered in comparison to a strong November 2011.
Total statewide win was $782.6 million as every reporting area in the state except Lake Tahoe and Churchill and Elko counties reported a decrease compared with the same month a year ago. The total win was nearly $98 million less than the take in the previous November.
Gaming Control Board Analyst Mike Lawton said sports books lost more than $8 million this November – a swing of $25.4 million. According to the board’s monthly report, most of the favorite football and baseball teams covered the spread, resulting in losses for the books. Football alone lost $5.3 million.
In addition, blackjack players did much better this past November, resulting in a $12.1 million or 23 percent decrease in the casinos’ win on that game.
Lawton said last November wasn’t as strong as November 2011, which benefited from a Manny Pacquiao-Juan Manuel Marquez fight that drew high rollers to baccarat tables in Las Vegas. By comparison, baccarat win this November, with no heavy special events, was down more than 25 percent.
Finally, Lawton said there was an issue in reporting slot revenues since November ended on a Friday. That means some November slot revenue will show up in the board’s December report.
The Carson Valley area, which includes valley portions of Douglas County, also suffered from sports book losses – $184,000 down compared to a year ago. Both slot win and, because of the books, game and table win were down. This year’s $7.47 million was off 3.47 percent.