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Nevada gaming revenue down for May; NJ sports betting triumphs

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Although 1 cent slot machines saw revenue grow 4% to $299m and multi denomination slots fell a marginal 0.5% to $281.4m, table, counter and card game revenue dropped 19% to $302.1m.

The biggest faller was baccarat, down 55% to $54.6m, perhaps the victim of the US-China trade war. Revenue from the game twenty one also fell 12% to $90.4m.

But the big story for many will be the 45% drop in sportsbook revenue to $11.3m, partly due to a $2.4m loss in the football wagering category.

This means New Jersey’s sports betting revenue for May, $12.7m, has surpassed Nevada’s for the first time. New Jersey’s $320.4m handle was marginally higher, too.

The thriving mobile sports betting market in the Garden State is likely a key reason behind its triumph over Nevada, although Las Vegas sportsbooks should return to former heights when the NFL season returns.

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