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Best of Howard Stutz

Gaming Guru

Howard Stutz
 

Nevada gaming revenue falls less than 1% in July

28 August 2015

Nevada gaming revenue in July fell for the second straight month, continuing the state's up-and-down year in the casino market.

The Gaming Control Board said Friday casinos statewide collected $922.8 million from gamblers during the month, a drop of just under 1 percent. On the Strip, gaming revenue declined 2.1 percent to $524.9 million.

Clark County was a mixed bag of results in July. Downtown Las Vegas casino revenue grew 6.5 percent and the balance of Clark County locations increased revenue 6 percent. But the numbers were offset by an 11 percent revenue decline on the Boulder Strip, which includes Henderson, and a 9.4 percent drop in North Las Vegas.

Northern and rural Nevada, however, helped the state mitigate the south's declines.

Washoe County gaming revenue grew 4.8 percent, which included a nearly 6 percent jump in Reno. Elko County saw revenue climb 10 percent, which included a 14 percent jump in Elko.

Carson Valley, which includes Carson City, Gardnerville, Minden and all areas of Douglas County except South Lake Tahoe, grew revenue 10.3 percent.

The state collected $56.9 million in gaming taxes during August, based on gaming revenue collected in July, a 7.48 percent increase compared to a year ago. For the first two months of the fiscal year, gaming tax collections are up 9 percent.