Nevada gaming revenue falls in February
Nevada experienced a double-digit fall in gaming revenues in February, reversing last year’s record monthly takings of over $1 billion.
Casinos statewide brought in $926.1 million in total during February, which represented a drop of 13.7%, led by a big decline in baccarat winnings.
The Las Vegas Strip saw revenues tumble to $555.7 million, a fall of 20.1% but downtown Vegas casinos fared better, gaining 3%.
In South Lake Tahoe, casino winnings also fell 9.5% to $14.7 million but Reno posted a moderate gain of almost 1%.
The Nevada State Gaming Control Board report also included revenues from online poker for the first time.
Nevada has three operators licensed for Internet poker offered to players residing in the state.
The Gaming Board said online poker has generated $8.5 million so far in the 10 months since it was launched.
Although February’s total revenue and tax dollars generated from gambling was down from the corresponding month last year, senior analyst at the Control Board Mike Lawton said it was still a good month.
Comparing the numbers against last year’s record breaking revenue was always going to show a decline, he said.
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