Nevada casinos $1 Billion winnings despite Baccarat loss
Nevada casinos set an October record with $1.062 billion in total winnings.
But the Carson Valley area, which includes valley portions of Douglas County as well as the capital city, didn’t share in the wealth, winning just $10.3 million, 9.4 percent less than they did in October 2005.
The apparent reason for the poor showing in markets such as Carson City, which depend heavily on weekend visitors, was October had one less Saturday this year than last.
October was the second negative month for the Carson Valley reporting area this fiscal year. July winnings were down nearly 8 percent compared to the previous year and September was up but by less than 1 percent. Only August turned in a solid increase this fiscal year with winnings up nearly 7 percent.
Statewide, the win was just one-third of a percent more than last October. But Gaming Control Board analyst Frank Streshley said it was a strong month given the poor showing by baccarat. Winnings from that game fell 54 percent to $29.2 million and by near 63 percent in mini-baccarat.
He primarily blamed the win percentage, which was less than half the 11.5 percent gaming experts consider normal for Baccarat.
Because most baccarat games are located on the Strip, win totals there were off 5.6 percent.
If baccarat is factored out of the equation, the statewide win total would have been up 3.9 percent. Full story here
