Nevada casinos report largest gaming revenue increase since 2006

Nevada casinos report largest gaming revenue increase since 2006

 

According to data released by the state’s Gaming Control Board, the figure represents the largest single-month total since September 2008, and the largest percentage increase since December 2006.

Statewide, Clark County, which includes Las Vegas Casinos, saw the most significant growth in May with a 19% increase.  Gambling revenue on Las Vegas casinos jumped 29%, the largest increase since February 2010, when revenues grew 33%.   In total, Clark county casinos collected $853 million, including $580.4 million in winnings from Las Vegas Strip casinos.

Gaming revenues at all Clark County climbed last month with the exception of Laughlin casinos, which reported a 10.6% decline during May. Gaming tax revenue in Washoe County, which includes South & North Lake Tahoe and Reno casinos, decline 6.6% in May, with Reno gaming seeing a 7.7% decrease.

Last March, Nevada casinos ended a four-month tumble, collecting $958.7 million in gambling winnings during the month, and reporting a 5.1% increase compared to March 2010. However, statewide gaming revenues fell less than 1% ($806 million) in April, 2011.

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