The gaming win reports are in for May in the state of Nevada, with just over $1b earned for the month, marking a 5.3% increase when comparing year-over-year totals. The $1.04 billion generated in May was the fourth time in a five-month time frame that the winnings for the state surpassed the $1b mark.
The results for May were increased due to baccarat game play on the Las Vegas Strip and the slot machine win across the state. According to ReviewJournal.com, senior research analyst for the Control Board administration division, Michael Lawton, stated that the driver for May was a strong baccarat win on the strip, which was up $21.4m due to an improved hold. Lawton reported that the slot win was up statewide by 3.6%.
May reports also showed that sports betting wins of the casinos in the state were up as well, by $17.5m to be exact. The month was a big increase when compared to May 2017, when $4.4m was lost due to basketball wagers, as sports books recorded their largest loss in the history of the state last year.
The majority of the May monthly win came from Clark County, representing 86.6%, with $904.6m earned. The win for Clark County was up due to the contribution from the Strip, which came in at $581.5m. The Strip saw a nice increase in gaming win for May, which helped to make up for the 3.5% decline that took place in downtown Las Vegas, where only $53.3m was earned.
The Control Board monitors twenty markets in the state and only two saw a year-over-year revenue decline for the month of May, the Boulder Strip and downtown Las Vegas.