Nevada Gaming Revenues Cool Down in November

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

Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $937,471,737 for the month of November 2019. This amounts to a 3.07% decrease compared to November 2018, when licensees reported a gaming win of $967,117,904. For the fiscal year (July 1, 2019 through November 30, 2019), gaming win has increased 1.34%.

In Southern Nevada, the Strip was close to the state average with a 3.09% contraction from a year ago. Downtown, which is performing the best of the Clark County regions for the year to date, posted an even higher 6.02% loss. Only Mesquite and outlying areas posted growth in November.

Looking north, South Lake Tahoe saw a major decline of 19.17% while the north shore of the lake saw gaming win essentially flat. Sparks posted the only growth, a healthy 9.23% gain over the year. To the east, West Wendover also saw growth over 9 percent.

Despite this, the State collected $59,390,135 in percentage fees during the month of December 2019*, based upon the taxable revenues generated in November 2019. This represents a 1.74% (or $1,013,479) increase compared to the prior year’s December, when percentage fee collections were $58,376,656.