Yesterday the Nevada Gaming Control Board provided its monthly revenue report, showing the state’s casinos collectively realized $1.012 billion in revenue in February, a small dip of 0.62 percent year-over-year.most popular casinos

The slight revenue decline in February followed a larger decrease of a little more than 3 percent in January when revenue totaled just over $984M. Like a poker player feeling satisfaction after reaching an otherwise arbitrary milestone chip-wise, crossing the ten-figure threshold helped encourage positive reactions to the report.

“All things considered, whenever we record a billion dollars in gaming win we are very pleased, although for this month that still resulted in a very small decrease statewide,” said Michael Lawton, senior analyst with the Nevada Gaming Control Board, as reported in the Las Vegas Review-Journal.

The win amount for casinos in downtown Las Vegas were up 9 percent for the month, while those on the Strip were down just under 2 percent when compared to a year ago.Lawton highlighted a lower baccarat win as having affected the overall revenue total.

“Baccarat was off 25.5 percent or $45.2 million due to volumes being down 18 percent on a hold of 12.77 percent vs.14.05 percent last year,” he explained, adding as well how baccarat revenue has been down seven of the last eight months despite volumes being down approximately 1 percent over that period.Meanwhile Nevada sportsbooks took in more this February when compared to a year ago, winning $35.8 million in February, a big 235 percent jump from the year before. Both basketball betting and a better outcome on the Super Bowl helped the books this time around.
As usual U.S. lawmakers in various states were weighing in on gambling-related legislation this week.

You might have heard about West Virginia’s online gambling bill having become law after passing through both houses and not being vetoed by the governor. Read more about that development in “West Virginia Legalizes Online Poker.”

In Indiana lawmakers removed mobile sports betting from a gambling bill this week among other revisions concerning licenses and operators. The new bill which passed through a Senate committee only allows sports betting at casinos, racinos, and satellite facilities, reports the Indianapolis Business Journal. A House committee is now taking up that bill as it makes it way through the legislative process.

Meanwhile over in Tennessee prospects appear less sanguine for a sports betting bill. While the bill has bipartisan support, opposition is being expressed from both sides of the aisle as well, according to the Tennessean. While a House committee continues to argue over it, a Senate committee has delayed looking at it all to this point.