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By Sean Whaley | Nevada News Bureau
Gaming revenue in July topped $1 billion in Nevada.
CARSON CITY – Nevada casinos had an impressive month in July, taking in slightly more than $1 billion in revenue from gamblers for a 17 percent gain over July 2011, the state Gaming Control Board reported Monday.
It was the second $1-billion month this calendar year, which has not occurred in Nevada since 2008, said Michael Lawton, senior research analyst for the state gaming agency.
“A $1 billion month is a number that we like to see, it’s a very strong number,” he said.
The Las Vegas Strip was up 27.5 percent with revenue totaling $597.5 million, according to the monthly gaming report.
The solid performance comes after two months of declines for the gaming industry statewide.
Baccarat, the card game played by high rollers on the Strip, was the major factor in the big win.
Baccarat win totaled $189.9 million, up 111.8 percent or $100.2 million. The dramatic numbers are due in large part to the amount “held” or won from the card players, Lawton said. The hold was 16.03 percent versus 9.76 percent in July 2011. The normal hold is in the mid-12 percent range.
Read the full story at the Nevada News Bureau.
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