Nevada Gaming Revenue Sees Strong January Growth

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,038,196,869 for the month of January 2020 according to the state’s Gaming Control Board. This amounts to a 5.48% increase compared to January 2019, when licensees reported a gaming win of $984,227,816. For the fiscal year (July 1, 2019 through January 31, 2020), gaming win has increased 2.57%.

In Southern Nevada, Downtown led the way with a 13.47% increase in gaming win, with the Strip also posting strong 7.49% gains. North Las Vegas and the Boulder Strip, meanwhile, posted moderate contractions. For the fiscal year to date, all areas except North Las Vegas have seen growth, with Downtown again at the head of the pack.

Up North, South Lake Tahoe posted the strongest increase at 17.93% with solid gains across the region. The only exception is North Lake Tahoe, which has losses of more than 6% for January and the fiscal year to date.

The State collected $73,049,145 in percentage fees during the month of February 2020, based upon the taxable revenues generated in January 2020. This represents an 18.31% (or $16,378,484) decrease compared to the prior year’s February, when percentage fee collections were $89,427,629. However, collections are still up more than 7% for the fiscal year to date.