Nevada casinos close fiscal year with 11% increase in June win

Despite down years in Tahoe’s two gaming markets, Nevada closed out the fiscal year with an .%, $ million increase in total gambling win.

Meanwhile, the $. billion in win recorded for June ended a streak of five consecutive decreases to start the calendar year and set an all-time record for the month of June, according to new figures released by the Nevada Gaming Control.

Gaming Control Board Analyst Mike Lawton said the driver in June was Baccarat, with a total win of $. million. That is a .% increase over June , fueled by a win percentage of . percent that Lawton said is one of the highest hold percentages ever.

It marks the second monthly increase in Baccarat win in the last seven months for Nevada’s casinos.

Baccarat was also responsible for the first increase in total win on the Strip .%, $. million for a month since last November. Without Baccarat, statewide win would have increased by just .% for the month.

Tahoe’s markets down in June

The Carson Valley reporting area, which includes valley portions of Douglas County as well as the capital, also ended its losing streak in June, taking in $. million — a .%, $, increase over the same month a year earlier.

The increase came despite a tough comparison, as June was up %. The driver was slot win that increased .% or $,.

This ends four consecutive declines for the market.

South Shore casinos at Lake Tahoe did not have a strong June. They reported $. million, down .% or $. million. There the problem was slots that reported a .% decrease compared to a year ago — the story was the hold percentage, which dropped to .% compared to .%.

Lawton said table games tried to make up the loss. Win there was up .% or $. million. That was fueled by a .%, $, increase in the “Other Games” category. That’s the category where Baccarat is counted in Nevada’s smaller markets. Volume of play was up % and the hold percentage a whopping %.

North Shore casinos at Crystal Bayline Village won $. million. That is a .%, $, decrease compared to a year ago, though the area was up against a moderately tough comparison since win was up % last June. Game and Table win was the culprit, falling .%, or $,. Primarily, that’s because of the % decrease in “” win.

Washoe County as a whole was also down significantly — some .% to $. million. Washoe also had a tough comparison, since last year had a strong convention center event calendar, plus the U.S. Bowling Congress Women’s Championships were last June, resulting in a .% increase over June .

June win in Churchill County was down % to $. million. Both slot and games win fell, the former by .% to just $,. Slots, which make up the vast majority of Churchill’s win, were down .% to $. million.

A strong fiscal year

For the – fiscal year, Nevada casinos raked in $. billion, marking a .% increase from last year, meaning total gambling win has increased four consecutive years and in eight of the last nine fiscal years.

Of the markets the Nevada Gaming Control tracks, Lawton said were up year over year. The largest gain was in Wendover on Nevada’s northeastern border at .%, followed by downtown Las Vegas at .%.

North Lake Tahoe suffered the biggest decline, down % in fiscal .

Statewide slot win increased .% to $. billion, but Game and Table win fell .% to $. billion.

A decline of two-tenths in Washoe County to $. million ended that area’s streak of six consecutive FY increases.

Carson Valley finished the year at $. million, up .% — its fifth consecutive yearly increase after three consecutive decreases.

South Shore was down .% to $. million for the fiscal year.

Finally, Churchill was down for the year by seven-tenths of a percent to just over $ million.

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