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Casino Winnings Hit $11.1 Billion Last Year

10% Bump From December 2012
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(photo: PAUL J. RICHARDS/AFP/Getty Images)

(photo: PAUL J. RICHARDS/AFP/Getty Images)

Nate Tannenbaum Nathan Tannenbaum
Email Nathan at nathan.tannenbaum@cbsradio.com
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CARSON CITY, Nev. (AP) — Nevada casinos won $11.1 billion in 2013 to mark a fourth consecutive year of gambling revenue gains fueled largely by a high-roller game and luck that favored the house.

The statewide win for the calendar year was up 2.6 percent over 2012. It was also the first time since 2008 that Nevada casinos topped $11 billion in gambling revenues.

State regulars on Friday said the amount is still 15 percent below a peak of $12.8 billion won by casinos in 2007.

Baccarat, a high-roller game favored by Asian players, was responsible for much of the revenue growth.

Baccarat gamblers wagered a record $11.8 billion on which casinos won $1.6 billion.

Analysts say that without baccarat, the statewide win would have registered a gain of only 0.6 percent over 2012.

Meantime, figures show casinos have pulled in nearly 10 percent more gambling revenue in December compared with the same time last year.

The state Gaming Control Board reports Friday that December casino winnings topped $1 billion. That’s up from $943 million in December 2012.

Las Vegas Strip winnings of $664 million were up almost 13 percent year-over-year. Downtown revenues of $42 million were also up 13 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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