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Strip Gaming Down 10%

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Strip gaming

(CARSON CITY, A.P.,KXNT)–State officials say Nevada gambling revenues went down 4.8 percent in June compared with a year earlier. The Nevada Gaming Control Board released statistics Friday showing casinos won $792 million in June, down from $833 million the same month last year.

Las Vegas Strip winnings of $435 million were down 10 percent year-over-year. A Gaming Control Board official tells KXNT there is a reason behind the 10% drop on the Strip–in June of last year, there was a Manny Pacquiao fight which drew many international visitors who also happen to be big baccarat players. That injection of revnue into Strip venues was not here this year.

The situation was the opposite a little further down the road: Downtown Las Vegas winnings of $37 million were up 9 percent.

Reno casino revenue totaled $49 million in June, down about 3 percent. South Lake Tahoe winnings of $13 million dropped 24 percent.

The state collected $43 million in taxes based on the June winnings, which was up 13 percent from the prior year.

For the fiscal year, statewide gambling revenues were up 1.8 percent.

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