Mixed bag for November Nevada gaming

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The Circa Resort casino that opened Oct. 28 dramatically changed the fortunes of gaming win percentages in downtown Las Vegas for the better in November and Nevada set a record for football bets placed and the overall win for sportsbooks. 

Downtown Las Vegas with the first month of the Circa Resort open saw a gain of 1.74% over November 2019 with a $52.9 million gaming win. Downtown was down 22.16% in October and 21.4% in September, according to numbers released Tuesday by the Nevada Gaming Control Board. 

While the Strip didn’t fare as well in November as it did in October, the state’s casinos won $771.1 million in November, a 17.75% decrease from November 2019 when they won $937.5 million. In October, Nevada’s casinos reported a gaming win of $822.6 million but that was a 19.5% decrease from October 2019 when the win was $1.02 billion. 

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Clark County saw its gaming win decrease by 20.5% in November after declining by 23.5% in October. 

The Las Vegas Strip saw a decline of 32.4%. The Strip declined a smaller amount of 30.2% in October when it won $375.7 million. It won $349.7 million in November. 

North Las Vegas saw a 2.1% decline after falling 26.6% in October. The Boulder Strip was up 18% after falling 24.7% in October. The balance of the county category, which includes many locals’ casinos, rose 0.42%. It was up 2.35% in October. 

Michael Lawton, senior research analyst with the Gaming Control Board, said sports pools won $61.8 million in November, up 99.3% or $30.8 million over November 2019. 

The total sports pool handle without any NBA and NHL games was $609.6 million, a decline of 4.6 million or 0.8% from November 2019. 

Tickets written on football, however, totaled $502 million, which Lawton said is an all-time record in the state. The sports pool hold for football was 10.14% versus 5.05% in November 2019. 

“Additionally, the total win amount for sports represents an all-time record for sportsbooks in Nevada,” Lawton said. “This record was driven by football win, which totaled $56 million and is an all-time record for football win as well.” 

Sports wagers made with mobile apps won sportsbooks $23.5 million on $343.9 million in wagers, holding 6.84%. This amount accounted for 56.4% of total wagers, Lawton said. 

In October, there was a record $659.6 million in sports wagering, up 21.3% or $115.6 million from October 2019. The previous record was $614.5 million. Sportsbooks won $42.4 million, which was down 11.5% or $5.5 million from October 2019. The reason was sportsbooks held 6.43% in October, which is down from 8.81% in October 2019. The hold was 5.72% in September. 

Sports wagers made with mobile apps won casinos $13.6 million on $376.9 million wagered in October. The hold was 3.6%. Mobile wagering accounted for 57.1% of total wagers, Lawton said. 

Sportsbooks won $32.5 million on football out of $441.1 million wagered in October, a gain of 24.5% or $26.1 million in October 2019. That’s a hold of 7.39%, up from 4.81% in September. There was $355.6 million bet on football in October 2019. 

About the Author

Buck Wargo

Buck Wargo is a former journalist with the Los Angeles Times and has been based in Las Vegas as a business, real estate and gaming reporter since 2005.

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