(Bloomberg) -- Betting revenue on the Las Vegas Strip tumbled 15% to $709.3 million in July, according to results released Wednesday by the Nevada Gaming Control Board.
Revenue was lower because casinos kept a lower percentage of baccarat bets than they did the same period a year ago, according to Michael Lawton, a senior economic analyst for the state.
Comparisons were also hurt by the fact that this July had two fewer weekend days than last year, he said. Overall betting revenue in Nevada fell 6.9% to $1.3 billion.
Visitor volumes to Las Vegas fell .4% to 3.5 million in July, according to the city’s tourism bureau. Convention attendance was down 6.9%.
(Updates with visitor volumes in last paragraph)
©2024 Bloomberg L.P.
