LAS VEGAS (KLAS) — Nevada casinos adopted up a record-breaking December with one other sturdy month in January, posting the second-highest win in state historical past.
Las Vegas Strip casinos had their third-best month in historical past with $840 million in January, propelling the state to $1.46 billion in winnings for the month, based on figures launched Thursday by the Nevada Gaming Management Board (NGCB).
Strip casinos are turning their luck round on the baccarat tables, the place almost all the state’s $215 million in baccarat winnings got here from. Blackjack tables introduced in $86 million for the month, a distant second for desk video games.
Baccarat attracts excessive rollers and is performed at 31 places. There are solely 441 baccarat tables within the state, based on Michael Lawton, NGCB senior analyst. It is a particularly unstable recreation, he stated.
LAST MONTH: Nevada casinos beat all-time document in December, all of 2024; Las Vegas Strip posts 2nd-highest win ever
“With that limited footprint the game is not played by masses at every casino in the state. Instead it is played by a limited number of customers who are allowed to wager six-figure amounts per hand,” Lawton stated.
“This creates the volatility in year-over-year comparisons due to the fact that it is impossible to determine which players will arrive in a given month and how lucky or unlucky the game will play,” he stated.
The baccarat win on the Strip was a dramatic enchancment for casinos, 121% higher than January 2024, Statewide, baccarat was 119.5% higher.
“January’s baccarat win amount is the fourth highest total all-time,” Lawton stated. “Baccarat’s hold percentage was 26.47% vs. 16.13% last year.”
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In the event you take baccarat out of the image, the statewide gaming win elevated 3.7% ($43.3 million) in comparison with January 2024. With baccarat included, it was a 12.5% enchancment ($160.4 million).
Statewide, slot machines took in $915 million, a 3.4% enchancment over final January.
Here is a take a look at a number of the totals that contributed to January’s gaming win:
Statewide: $1,439,329,029*
Las Vegas Strip: $840,083,401**
Clark County whole: $1,265,336,543
Steadiness of Clark County (contains off-Strip and neighborhood casinos): $170,638,117*
Boulder Strip: $87,379,781
Downtown: $83,754,047
Reno: $67,067,908
Laughlin: $42,240,329*-second-highest of all time.**-third-highest of all time
Nevada has collected $108.7 million in proportion charges to this point through the month of February, an 8.9% improve in comparison with February 2024.
