Vegas gaming revenue, February 2024

Strip up 12.4 percent and downtown up 2.7 percent compared to 2/23

https://thenevadaindependent.com/article/super-bowl-plus-leap-day-propel-nevada-casinos-to-record-february

 

I'm a little surprised the increase wasn't larger

 

Seems about right. The Super Bowl crowd skews richer and that favors table games and that increased 30.3%. Slots are more grinding out and that benefited by the 9.5% increase in visitors, though total visitors hours is more important that total visitors.
An important note for casino companies was this "The average daily hotel room rate in February was a record-breaking $248.35, a 40.6 percent increase", a lot of profit with this number. I would guess that food and beverage also saw very good increases.
The last 2 paragraphs of the article show how unimportant the sportsbook, especially the physical area, is in the grand scheme of LV, even with a local Super Bowl.

 

17.7% bacc hold

 

That's on the lower end.

 

My take is that events such as Super Bowl contribute a lot to the hospitality, Food/Drink, and entertainment side,
not so much to gaming side. More or less expected.

 

According to UNLV's center for gaming research 12.63% is average, standard deviation is 3.33%

 

I dont think it is just an audience bias towards table games. When you fill a casino to the gills table mins cam be jacked up and the best rule tables done away with on the fly.

But a nickel slot is a nickel slot and i think it would be a logistical problem to adjust the hold for a busy weekend then bring it back up.

Thus table games have more room to scale too

 

I meant it among the table games. I seem to remember BJ is usually around 20-25%.

 

From UNLV

BJ avg 12.69%, standard deviation 1.72%, high 18.12%

 

Lunar New Year was also celebrated the weekend after Superbowl. So table minimums would have scaled up for many casinos.