Nevada Gaming Revenue Down Again

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

Statewide and Strip gaming revenue declined for the third straight month in August, although some parts of Clark County reported double-digit increases.

Nevada casinos collected $908.2 million from gamblers in August, a decline of nearly 1.4%, according to the Gaming Control Board. Strip casino revenue declined 4.7% to $527.4 million.

The Strip declines were due to a drop in baccarat win. Revenue of $126.5 million declined 24.1% over August 2014. Overall table game revenue fell 16.4% on the Strip, while slot revenue on the Strip increased 12.1%. 

Mesquite was the only other area in Clark County that reported a gaming revenue decline in August, with totals falling 1.9%.

Downtown Las Vegas casinos grew revenue 15%. North Las Vegas was up 21% and the Boulder Strip market grew nearly 30%.

All in all, Clark County reported a less than 1% increase for August. Washoe County, which includes Reno, was down 4.5%.

For the first eight months of 2015, statewide gaming revenue is up less than 1% while Strip casinos are down 1.9%.

Nevada collected $51.6 million in gaming taxes during September based on the August gaming results, a jump of 2.2%. For the first three months of the fiscal year, state gaming tax collections are up 6.8%.