Table, counter and card games suffer as Nevada posts 2% drop in June revenue

Updated:2024-03-30 08:50    Views:75

The Nevada Gaming Control Board has posted its revenue report for June, revealing that it made $1.25bn – a figure that is down 2% annually.

For table, counter and card games, the state posted a total of $409.6m – revealing a 7% downturn against June 2022. Meanwhile, slot machines held steady in revenue, recording a 0% increase at $836.2m.

The figures mean that Nevada’s drop was entirely driven by table, counter and card games – a trend that the states of New Jersey and Pennsylvania, the second and third-largest land-based betting states in the US, also reported in their recent revenue reports.

The trend of table game falls in New Jersey and Pennsylvania will be further explored in the upcoming September/October edition of Gambling Insider.

Comparing Nevada’s June figures against the recovering Chinese gambling province of Macau, the data below shows the US state’s $1.24bn is somewhat dwarfed by Macau’s MOP 15.2bn ($1.89bn).

Macau was up 514% annually, showing how quickly its revenue is growing after years of lockdowns and China’s zero-Covid policy.

For the last three months, Nevada’s revenue didn’t fall or grow – instead, it held even,slots reporting $3.69bn in revenue.

This was, again, largely down to falls in Nevada’s table, counter and card games, which posted a 4% drop year-on-year – totalling $1.14bn. The fall in table games was propped up by a near 2% rise in slot revenue, which raked in $2.55bn.

Finally, for the previous 12 months, Nevada has seen an overall rise against the same yearly period ending in June 2022, posting a 3% rise of $15.1bn.

Its table, counter and card games are up circa 2%, with a revenue total of $4.88bn, while slots are up 4% to $10.2bn.