Most of Nevada Posts Big Gaming Win in April

Posted on by & filed under Nevada by the Numbers Blog.

Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $953,698,753 for the month of April 2018. This amounts to a 7.57% increase compared to April 2017, when licensees reported a gaming win of $886,561,704. For the fiscal year (July 1, 2017 through April 30, 2018), gaming win has increased 2.91%.

In Southern Nevada, the Strip posted a healthy 5.08% increase compared to a year ago, but was overshadowed by other areas. This includes roughly 15% increases in Downtown and North Las Vegas and a massive 22.7% gain on the Boulder Strip. This area now has the best performance over the fiscal year as well.

In Northern Nevada, South Lake Tahoe posted a 12.61% year over year gain, but the north shore is still performing better for the fiscal year to date.

The State collected $53,399,391 in percentage fees during the month of May 2018, based upon the taxable revenues generated in April 2018. This represents a 20.66% (or $9,143,178) increase compared to the prior year’s May, when percentage fee collections were $44,256,213.