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Howard Stutz
 

Nevada gaming revenues down more than 18 percent

7 April 2009

LAS VEGAS, Nevada -- Gaming revenues fell more than 18 percent statewide during February and more than 23 percent on the Strip, according to figures released this morning by the Gaming Control Board.

Statewide, casinos won almost $839.5 million from gamblers, down from almost $1.145 billion won a year ago. The figure was the lowest statewide one-month total since July 2004 when casinos recorded $813 million in gaming revenues.

On the Strip, casinos won $427.4 million, down from $558.3 million a year ago. The figure was the lowest single month total since November 2004 when casinos won $426 million.

Despite the revenue drop, gaming tax collections based on the revenues were up 22.6 percent during the month. Nevada collected almost $65.1 million, well above the $53.1 million collected for the same period a year ago.

Not all areas of Clark County suffered during February. Gaming revenues were up almost 22 percent in North Las Vegas and recorded slight increases of less than 1 percent each on the Boulder Strip and Mesquite.