Las Vegas Casinos Reported a Historic Increase in Total Game Wins Except for Baccarat

On July 12, 2007, the Nevada Casino facilities won around $1.4 billion from players in May, achieving a 1.5% gain compared with the same period almost a year ago and set the standard for the highest number of casino wins in a month.

The Gaming Control Board of Nevada also stated that the casino win is about $2 million larger than the previous amount that was achieved in January 2006, despite the slide in wins for the game of baccarat.

Gaming Control Board Analyst, Frank Streshley, said that the amount could be higher but the casinos in the strip took a lot of damage from the baccarat slump. Craps and Roulette were a vital factor in the casino win gain, a total of 6.5% for all of the casino games combined.

The casino win for the slot machines improved 2.6% at the same time. Gov. Jim Gibbons commented that aside from the historic casino wins, Nevada saw a surge of 16.4% in the state's share collected from the resorts, which helped the state achieve more than their predicted fiscal year collections.

The statewide casino win of $1.14 billion was the money left in the casino's treasury after players bet $14.7 billion in May. That includes the $11.8 billion wager on slot machines and the other casino table games.

Las Vegas Casinos reported a 1.4% improvement while the casinos in downtown Las Vegas experienced a 0.3% improvement. Nevada received a total of $83.3 million in shares based on the casino wins in May. The statewide casino wins in May showed that the slot machines were responsible for the $762 million in the total win.

Casino table games, like poker, accounted for the rest of the total casino win of $1.14 billion in May. That figure included $134.3 million won on blackjack, which improved 5.1%, $40.8 million on craps, which improved 19.8% and $37.2 million on roulette, which improved 15.1%.

The casino win on baccarat was $71.2 million, which slid down 18.2% and the casino win on baccarat was $13 million, which slid down 54%. Sports betting won $5.8 million last May, which improved 47.9%. Poker games won $14.1 million, which improved 6.5%.

Sunday, July 22, 2007
John Palmer