gambling

Nevada Casino Revenues Up 12 Percent in November

American gambling laws - GamingZion

2013 ends with big profits for the casino industry in Nevada, with baccarat and sports betting are at the top of gamblers’ preferences.

Figures are showing the Nevada gambling industry is doing very well. In fact, the Nevada Gaming Control Board reported November’s revenues have gone up by 12% compared to the same month of 2012, which means the year ends on a high note for land casino owners. Major profits were brought in by baccarat and sports betting.

The latest gambling news report excellent results for the Las Vegas Strip, with revenues going up almost 23%. The venue made a profit of $529.4 million, nearly $100 million more than during the same month of the previous year. State casino profits are up 11,9%, reaching an impressive $876 million.

Sports betting, America’s favorite

Sports bettors continue to bring in a big part of gambling profits. Punters spent $356 million on NFL football alone. According to Mike Lawton, senior analyst with the Nevada Gaming Control Board, it is for the third consecutive month that sports gamblers break the record for volume. Sportsbooks handled a record amount of $490.3 million in wagers.

Baccarat is also popular among gamblers, with casinos winning $130.1 million last November. Gamblers bet a total of $11.6 billion in November, with $2.9 billion being spent on sports, dice games and cards.

The taxation policy dictated by American gambling laws brought the state of Nevada a profit of $50 million, 9% more than the previous year.

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