Nevada Gaming Revenue Down 3% in March

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

Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $922,272,002 for the month of March 2016, according to the latest figures from the Nevada Gaming Control Board. This amounts to a 3.04% decrease compared to March 2015. Gaming win for the fiscal year (July 1, 2015 through March 31, 2016) is up 1% over the prior fiscal year.

Lake Tahoe bucked the trend, with North Lake Tahoe gaming win increasing by 6.22% and South Lake Tahoe posting a 23.19% gain compared to March 2015. Reno and Sparks also saw minor year-over-year growth.

In Southern Nevada, revenue declines compared to last March were greatest in North Las Vegas and the Boulder Strip, at -8.78% and -7.47% respectively. Gaming outside of the core areas actually saw a 2.47% gain over the previous year.

See the full regional breakdown from the Gaming Control Board here:

03-16 Gaming Win

April fee collections for the state also fell, by 8.09% (or $6,421,215) compared with the year prior. The State collected $72,941,860 in percentage fees over the last month. Overall, fiscal year 2016 revenues are still up by 0.47% compared with the same point in FY15.

04-16 Gaming Fees