Nevada Posts Strong Gaming Win in May

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

Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,044,079,556 for the month of May 2018. This amounts to a 5.29% increase compared to May 2017, when licensees reported a gaming win of $991,594,550. For the fiscal year (July 1, 2017 through May 31, 2018), gaming win has increased 3.14%.

In Southern Nevada, the Strip posted a strong 6.34% gain, while usually hot Downtown brought up the rear with a 3.48% decline. For the fiscal year to date, other areas including Laughlin and Mesquite are the top performers.

For Northern Nevada, North Lake Tahoe posted a 25.1% increase in gaming win, leading the region in May. South Lake Tahoe posted the smallest gain at 1.14% but outlying areas are performing the best over the fiscal year.

The State collected $69,006,909 in percentage fees during the month of June 2018, based upon the taxable revenues generated in May 2018. This represents a 33.13% (or $17,172,035) increase compared to the prior year’s June, when percentage fee collections were $51,834,874.