“And here we are now, we’re at 25, and it’s not a fluke, it looks like that is the new baseline.” “A year ago we had done 13 consecutive months and I was concerned about the sustainability,” he said. Lawton remains bullish thanks to convention attendance, special events, and sports teams moving to Las Vegas, which accounted for 95% of Nevada’s growth in gaming revenue in 2022. Data for March, the most recent period reported, showed Nevada gaming revenue edged lower by three-tenths of a percent on the back of lower intake from baccarat. Going forward, monthly comparisons will become tougher, as gaming revenue either hit an all-time high or marked its second best result ever.

following last year’s “exceptionally strong performance” for the industry that is traditionally led by Nevada and more specifically by the Strip. Fitch Ratings forecast in January a demand pullback in the U.S.

The good times may be over, at least temporarily. Whereas once these harder tables were a rarity with only a few in operation back in 2016, they hit 78 last year and are quickly encroaching on the 111 double-zero tables that are slightly more favorable for participants.įinally, casinos are also shutting down table games, citing the rising costs for paying their dealers, in favor of more automated electronic games. Vegas Advantage also estimates the number of so-called “triple zero” roulette tables that feature an extra slot, thereby mathematically lowering the chance of winning, has soared. That means a $10 bet only nets an additional two in winnings instead of the traditional five dollars-and it’s not just card games like blackjack that are exhibiting signs of deteriorating odds for gamblers.

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