International edition
September 21, 2020

Gambling revenue on the Las Vegas Strip dropped less than 1 % to us$ 437.3 million

Nevada casino winnings fall 5.7 % in April

(US).- Casinos in Nevada won us$ 810.5 million in April, 5.7 % less than the same month last year, gambling regulators said this week. The state Gaming Control Board said tax collections based on those winnings were us$ 39.7 million in May, a 23.4 % decrease compared with the taxes paid in May 2009.

T

he steepest decreases came on the Boulder Strip, and in South and North Lake Tahoe. On the Boulder Strip, casino winnings dropped nearly 13 % to us$ 56.8 million. The area produced 7 % of statewide gambling revenue, compared with 8.8 % in April 2009.

Gambling revenue on the Las Vegas Strip dropped less than 1 % to us$ 437.3 million. But the Strip slightly increased its share of overall statewide gambling revenue during the month, taking in 54 % of Nevada's total compared with 51.3 % in April last year.

Only three areas - Carson Valley, Mesquite and Wendover in Elko County - showed any increase. The three areas made up a combined 4.1 % of the state's gambling revenues.

Gambling regulators said casino winnings dropped 4 % during the first 10 months of the fiscal year, which ends this month. Casinos statewide have won us$ 8.7 billion from July through April, compared with us$ 9.08 billion during the first 10 months of the prior fiscal year. Over that time, casino winnings on the Strip increased just over 0.5 %, to us$ 4.79 billion.

State officials said the taxes collected on gambling revenues in the first 11 months of the fiscal year were us$ 572.7 million, down 5.3 % from the us$ 604.6 million through the first 11 months of fiscal 2009.

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