Nevada gaming revenue flat sports betting breaks records for March

Gaming revenue in Nevada totalled $1.02bn for March, essentially a flat level of growth year-on-year (0.12%).

But the state’s sports betting figures broke records, despite competition provided by the likes of New Jersey – which didn’t offer sports wagering this time last year.

Sports betting revenue was up 5% year-on-year to $32.5m, chiefly due to the impact of March Madness.

The basketball tournament has similarly boosted results in New Jersey, Pennsylvania, Delaware and Rhode Island.

In Nevada, however, March Madness produced total sports wagering handle of just under $600m, a new record for the Silver State.

Overall table, counter and card game revenue (including sportsbook) dropped 9% to $347.7m, with the biggest faller being baccarat – 54% to $53.6m.

Roulette revenue did rise 43% to $41.7m, while overall slot machine win grew 5% to $675.3m.

One cent machine revenue rose 5% to $297.3m and multi-denomination slot win increased 4% to $278.7m.