Gaming win declined 5.87 percent in November, which totals decreased in all areas of major reports of the state, except North Las Vegas and Carson Valley area, which consists of the valley and parts of capital Douglas County.
Gaming Control Board analyst Mike Lawton said most of the decline was due to “tough comparison” with the baccarat win in November 2009. Baccarat earned 94.2 million U.S. dollars this month. Was 25 4 million dollars this last November to less than $ 70 million.
Lawton said table games suffered in November across the board and across the state with a lower than average wins percentage. In addition, he said sports books reported a win of just 1.9 percent compared with 8.4 percent a year ago. Casinos actually lost money to football bettors.
Total statewide win was just $822 million for the month with every Clark County category down single digits and Washoe County downs a whopping 19.66 percent overall. The exception was Carson Valley, which saw total win increase 2.57 percent to $7.66 million.
The one bright spot in the monthly numbers was that slot wins increased for the second month in a row the first time that has happened since September/October 2007. Lawton said that is a good indicator that the average player is beginning to return to the casinos. For the past six months, a good month depended heavily on how the high-end players did.
“We want to see that mass market come back,” he said. That also would help explain why Carson was up since the vast majority of the monthly win in the capital comes from slots, not table games.
South Shore casinos at Lake Tahoe were down to more than $15 million in winnings. While that is a decline of just 5.25 percent, it comes on top of a 26.7 percent decline in November 2009 as California’s Indian casinos continue to take their toll on the lake.
In Washoe County, the players simply did much better this year. Where the hold in 21 was nearly 23 percent in November 2009, it fell to 15 percent this year, cutting profits from that game in half.
Total win for Washoe casinos was $52.49 million. North Shore casinos also took a hit but, at 7.7 percent, a much smaller one than the rest of Washoe. Win declined just $129,000 to $1.54 million.
State gaming taxes collected $ 49,790,000 in December. It is 12.7 percent or $ 7,240,000 less than the same month of 2009. Even so, the collections are up 2.49 percent so far this fiscal year.
