AP NEWS

Nevada casino winnings fall just short of $1B in November

December 27, 2019 GMT

LAS VEGAS (AP) — Nevada casinos brought in nearly $938 million in winnings in November, down slightly from the same month a year ago, regulators said Friday.

A steep decline in baccarat winnings contributed to an overall 3% decline in total winnings from the same month a year ago, the Nevada Gaming Control Board’s report shows. Winnings also declined in blackjack and slot machines.

Winnings increased from the same month a year ago in roulette and craps.

Driven by a major increase in football betting, Nevada sportsbooks won $31 million last month, up 14.3% from last year, according to the report.

The November haul was down slightly from October when Nevada casinos reaped more than $1 billion in winnings, the sixth time this year the state had topped the mark in a key index of fiscal health.

The nearly $11 billion in winnings the casinos have hauled in over the last 12 months was up nearly 1% from the previous year, the report shows.

Gambling tax revenue is second only to sales taxes as a percentage of the state’s annual budget. Nevada has no state income tax.