Nevada experiences gaming win hike in January

The Nevada Gaming Control Board has revealed that the US state generated just over $1 billion (€986.5 million) in gaming win in January, the highest monthly total since February 2013.

The figure represents a 12%, or $111.2 million, increase on the amount collected in the same month last year.

The rise comes despite January of this year having two fewer weekend days than the same month in 2016, although analysts have cited the fact that the Chinese New Year fell in January this year, instead of February in 2016, and, as such, more gambling activities took place in the state.

As a result, game and table win climbed 16% year-on-year to $401.8 million.

Baccarat experienced the highest growth in this sector, with the $157.9 million collected in January some 55% more than in the corresponding month last year.

Michael Lawton, a senior research analyst with the Tax and Licence Division of the Gaming Control Board, said: “The billion-dollar number is impressive; it’s sort of a high water mark.

“The last time we recorded a billion was in July, but this month is a little bit higher than July’s…it’s a nice sign that we recorded a billion twice in the last seven months.”

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