Nevada Gaming Revenue Down 2% in January

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,015,027,320 for the month of January 2018, according to the state’s Gaming Control Board. This amounts to a 2.05% decrease compared to January 2017, when licensees reported a gaming win of $1,036,217,995. For the fiscal year (July 1, 2017 through January 31, 2018), gaming win has increased 1.56%.

The Strip was the main drag on Southern Nevada and the state for the first month of the new year, with revenues dropping almost 9% from the prior year. Outlying establishments in Clark County did the best, with the Boulder Strip and Mesquite also seeing healthy gains. Downtown posted more modest gains, breaking recent trends. However, the area is still the best regional performer for the fiscal year to date.

In Northern Nevada, most of the submarkets posted big gains. South Lake Tahoe led the way with a14.83% increase, while North Lake Tahoe posted the region’s only loss. To the east, Elko County also did very well, leading the state’s submarkets in revenue growth for January.

The State collected $68,641,997 in percentage fees during the month of February 2018*, based upon the taxable revenues generated in January 2018. This represents an 8.74% (or $6,577,259) decrease compared to the prior year’s February, when percentage fee collections were $75,219,256.