The state of Nevada saw excellent results by way of revenues for July thanks to the game of baccarat and more weekend days on the calendar in the month. The Nevada Gaming Control Board reported that the state saw an increase of 10% in revenues as well as earnings of over $1 billion for the month of July.
Statistics for the month of July show the state earning a 17% increase in revenue on the Las Vegas Strip with baccarat revenues accounting for over $150 million in revenue statewide. This is a 44% increase for the game when compared to the same month in 2015.
July 2016 marked the third time the state passed the $1 billion mark in three years with the month actually being the largest earnings for the state since December 2013. The majority of the money came from the Strip which earned $163 million. In the downtown area of Las Vegas, earnings were at $42 million with a 3% increase. Reno casino gaming was up 11% with $56 million in revenues while South Lake Tahoe earned $28 million which was a 20% increase when compared to last July.
Breaking it down to gaming numbers, sports betting had its biggest July ever at $222 million with casinos collecting $11 from that turnover. ?The numbers were up due to the baseball season as well as the end of the Euro 2016 football tournament. When it comes to race books, only $4.2 million was earned.
The sportsbooks of the state were able to bring in $11.1 million which was an increase of over 1,000%. The numbers were up due to the baseball season as well as the end of the Euro 2016 football tournament. When it comes to race books, only $4.2 million was earned.
Slots revenue came in at $600.5m while baccarat saw the spike of 16.5%, with the $150.3 million earned, as mentioned earlier. Blackjack saw a good turnover as well with a 40% increase and $114 million in earnings. Roulette was up just over 6% with $37.6 million in earnings while craps was up just over 12% with $34 million in revenues.
Several games reached the negative category including three card poker with a 21% decrease in earnings with just over $9 million in revenues while let it ride saw a dip of 29% with only $2.1 million in earnings. Keno was also down with a decrease of 10.3% to $2.1 million.
Of the revenues earned by the gaming venues, the state was able to earn $68 million in taxes based on the monthly earnings. This was a 20% increase from July of 2015.