Listen Online - Listen on Mobile Radio.com | Mobile App Info

Nevada Gambling Revenue Down 5 Percent in May

LAS VEGAS (AP) — State officials say Nevada gambling revenue was down nearly 5 percent in May after a sharp drop in winnings on the Las Vegas Strip.

The Nevada Gaming Control Board said Thursday that the state’s casinos won $958 million in May.

Revenue on the Las Vegas Strip fell nearly 12 percent year-over-year, to $531 million. Downtown Las Vegas winnings were up 13 percent to $50 million.

Reno casino revenue was down 5 percent to $50 million.

South Lake Tahoe revenue fell 15 percent to $14 million in May.

The state collected $52 million in tax money based off the May winnings, which is down 17 percent from the same time last year.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live