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 It looks like penny slots and baccarat may be Nevada's best hope for overturning the recent recession. According to Gaming Control Board figures, penny slots and baccarat broke all revenue records last year and brought in an estimated $3.2 billion in revenue. While penny slots and baccarat revenues appear to be on the rise blackjack card games been suffering. Blackjack revenue has decreased by more than thirty percent since 2007 and blackjack tables in Nevada have diminished by 815 tables.
Publisher of Las Vegas Advisor, Anthony Curtis, explained the trend is a direct result of the current economic downturn. "Blackjack is a mass-market game played primarily by mid-rollers who been hit the hardest by the recession, while gambling's high end, represented by baccarat, has been least affected by the economy," Curtis said.
Penny slots have long been popular among those with a smaller bankroll. While they may not pay out much, the machines are very economical and allow players to gamble for extended periods of time for very little money. It's likely that many blackjack players have taken up penny slot gambling because they can no longer afford to play at the tables. Casinos looking to turn a profit will likely put more emphasis on these games in the coming months.
As always, stay tuned to Casinofan for more news and updates.
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