Heavy Baccarat Wins Push Nevada Gaming Revenues Upward

According to the latest gaming-revenue report from the Nevada Gaming Control Board, casinos in the state pocketed a whopping $970.2 million in May 2014. The gains represent a hike of 8.1 percent, when compared to the gaming revenue generated same time last year. The capital city has made significant contribution to increased revenues, officials say.

With casinos on The Strip alone, earning close to $593 million, Las Vegas saw an impressive revenue hike of 17.3 percent, from May 2013. If you’re wondering which game could have contributed the most to the winnings, think about the easiest game that begins with the second letter of the alphabet! You’ve figured it out already, haven’t you?

Baccarat players

May 2014 was “the baccarat month” in Vegas

The report, released June 27 revealed that winnings at baccarat tables brought in $172.6 million in May. Baccarat has been extremely popular with high-rolling gamblers, especially from Asia and revenues from the game rose 85.5 percent in May.

 Analysts with the board are happy to refer to May as the month of Baccarat. A rather easy game, the chance to win big and loaded gamblers feeling lucky – the odds were more in favour of Baccarat, than any other game.

The game also did not fail to deliver. With a win rate of 16.5 percent, it even played a huge role in offsetting the decrease in revenue (4.4 percent) from slot machines in casinos across the state. Mini Baccarat rose 12 percent in revenue, recording $9.7 million in earnings.

21 and Roulette included in the top three tables

  • Blackjack stood second in line, according to the table rankings, having collected $96.2 million in total.
  • Roulette followed with total earnings of $32.9 million and was tailed closely by Craps with total earnings of $32.6 million.

MGM Grand in Las Vegas was the venue for the welterweight championship face-off between Marcos Maidana and Floyd Mayweather Jr. The event drew gamblers from across the world to Sin City, helping casinos make big money in May.

Revenue from poker was rather flat, bringing in $10.2 million in May – $70,000 more than the total earnings in April, the same year. However, with Station Casino adding Peppermill Resorts to its Ultimate Poker league, revenues are expected to increase in the following months.