Nevada gaming win up 7.5 percent in March; Carson Valley just 1.5 percent
Area March Win Percentage Change
Statewide $991 million -7.45%
Carson Valley $8.33 million 1.47%
South Shore $16.74 million -2.3%
North Shore $1.74 million 7.35%
Washoe County $69.01 million 8.06%
Reno $50.8 million 8.08%
Clark County $857.35 million 7.6%
The Strip $526.1 million 8.07%
CARSON CITY — Statewide gaming win increased 7.5 percent in March to a hair more than $991 million.
But Gaming Control Board analyst Mike Lawton said it was a relatively easy comparison since win was down 3 percent in March 2016.
The biggest factor, he said, was the ConExpo-Con/Agg convention in Las Vegas. The construction industry’s largest gathering, the convention brought 130,000 construction professionals to southern Nevada.
Unfortunately, Lawton said, they only meet every three years.
That convention was exactly what Nevada’s casino operators needed to offset the 11 percent decrease in Baccarat winnings to just $58.4 million. That game, which has the power to drive statewide gaming numbers every month, has only reported five year-over-year increases in the past 25 months.
Without Baccarat, gaming win would have been up 8.9 percent in March.
Lawton said one of the most impressive set of numbers in the March data was sports pool win which increased more than 225 percent to $31.4 million. That was because of the betting on the NCAA basketball tournament, which nearly doubled its win to $41.27 million. A good share of that was driven by the percentage the casinos held — 9.5 percent this year compared to just 5.1 percent in March 2016.
A good sign for the state overall was the 6.3 percent increase in slot win to $655.4 million. Slot win is now up 3.7 percent for the first quarter of this calendar year primarily on rising volume. Gamblers wagered $9.7 billion in March, a 4 percent increase.
The Carson Valley reporting area, which includes valley portions of Douglas County as well as the capital, reported $8.3 million in win, a 1.47 percent increase from a year ago. But the area is still down 1 percent for the first quarter of the calendar year. Table Games win was up 17 percent in Carson Valley casinos but that category makes up only a tiny percentage of total gaming here.
Washoe County, badly hurt by January and February storms, reported $69 million in winnings, an 8.1 percent increase. The primary beneficiary was Reno as Sparks saw only a 2 percent increase. With snow-free roads, visitation was up 4.6 percent in March.
North Shore casinos at Lake Tahoe also were up for the first month of this year. That 7.4 percent increase raised total win there to $1.7 million, nearly all attributable to slot play.
South Shore casinos at Stateline reported $16.7 million in win. That’s down 2.3 percent from a year ago, about $394,000.
Finally, Churchill County casinos reported a 7.38 percent increase in win for a total of $1.96 million in March. Slot play, which accounts for the vast majority of win in that county, was up 5.8 percent to $1.87 million.
Table games, however, posted a 55.46 percent increase to $92,000 in the three casinos that offer table games.
Per the agreement, Caesars will continue to operate Harrah’s for the first half of 2020 before it’s redeveloped into a non-gaming hotel and mixed-use development.