Nevada casino winnings climb almost 4% in July 2011

Nevada casino winnings climb almost 4% in July 2011

From the $12.3 billion reported in July, $2.8 billion corresponds to table games (12.2% increase) and $9.5 billion to slot machines (5.2% increase). Table game winning closed at $315.7 million  in July. Included in the table game figures was baccarat, which reported a $89.7 million win (up 20.5%). Slot machine revenue was also up 5.2% to $469 million, the “largest percentage increase” for slot revenue since May 2006.

Overall, Nevada casinos reported $860 million in winnings, from this total, the Las Vegas Strip casinos accounted for $469 million, a modest 1.6% increase compared to the same period in 2010. Reno casinos were also up 0.9% to $51 million and Downtown Las Vegas up 10% percent.

Other areas posting increases included South Shore up 25.4% to $29.8 million, South Lake Tahoe up 25% to $30 million, Clark County up 3.2%. Only two areas reported losses in July, 2011, Carson Valley area was down 2.26% to $8.69 million, while gaming revenue at North Lake Tahoe casinos dropped 10.5% to $3.4 million.

The state of Nevada currently receives around one third of its funds from casino taxes, and July 2011 saw the state collect $48.1 million from the casinos, down 3.6% from July last year.

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