Nevada Gaming Revenues in November Grew

Slot machines boosted Nevada gaming revenues in November, while sports betting reported a single-month record in the Silver State.

Nevada Gaming Commission announced that the gambling industry of the state recorded its second month of revenue growth in the last half year. According to US gambling news, Nevada gaming revenues in November were $944.3 million (equal to €864.4 million).

This is a 7.8% growth when compared to the same month of 2014. Gambling revenues of the state were in a 2.9% decline to 2014 by October. However, Nevada gaming revenues in November boosted the total, improving the look of 2015 in the year-to-year comparison.

Nevada gaming revenues in November helped to grow by slots

One of the most important market sectors behind this growth were slot machines. This segment of the industry improved by 13.2% to $596.4 million, albeit volume was relatively flat at $8.5 billion.

Bet on sports in the US is also growing and the sector improved significantly in Las Vegas and other parts of the Silver State too. Sportsbooks reported a 32.1% growth with a $42.8 million Nevada gaming revenues in November. The $557 million that was wagered on sports is a single-month record for sports betting in Nevada.