Nevada Casino Revenue Down In May
(Las Vegas, NV) AP — State gambling regulators say Nevada casinos revenues were down 10 percent in May compared with a year earlier.
Nevada Gaming Control Board officials say Thursday that casinos brought in $885 million in May, down from $984 million a year ago.
Revenue on the Las Vegas Strip was down 18 percent in May at $475 million, while downtown Las Vegas was down 2 percent at $45 million. Laughlin had a better month, with a 20 percent gain in May.
Reno revenue was down 5 percent, while South Lake Tahoe casino winnings dived nearly 27 percent.
Nevada collected much less tax revenue from casinos in May. State officials say they brought in $52 million based on May winnings, which is a 24 percent drop from the previous year.