April’s gaming revenues were officially down a shade in Nevada

Jun 13, 2011 8:27 PM

April’s gaming revenues were officially down a shade in Nevada, while tax collections rose, an oddity that officials explained was caused by the method used to calculate revenue.

The complication was caused by the month of April that ended on the 30th day of the month, a Saturday. Well, gaming revenues are not recorded on the weekends but held over until Monday, which placed them in the month of May.

The Nevada Gaming Control Board said revenues were $806 million, down from last year’s $810 million. However, it was estimated that some $16 million of April slot play will end up being counted with the May revenue.

As for collections, the state says it received $42.6 million in taxes, a $2.9 million increase over the 2010 collections. Part of the increase was due to credit play and monies collected from prior months.