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Nevada gaming revenues rise

Jul 31, 2019 3:00 AM

Casino revenues in Nevada showed a monthly increase for the first time in 2019 according to figures released by the state’s Gaming Control Board Tuesday.

More than 1.04 billion was collected from gamblers statewide during June, an 11.6 percent increase from a year ago. On the Las Vegas Strip, which accounted for almost 60 percent of the state’s overall figure, casino revenues increased 17.7 percent to $616.6 million during the month. Strip gaming revenues had declined every month since last December.

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Southern Nevada had a strong June. Downtown Las Vegas casinos grew revenues 18.6 percent while North Las Vegas was up 13 percent. Northern Nevada didn’t fare as well as Reno gaming revenues declined 14 percent and Washoe County as whole was down 10 percent. North Lake Tahoe casinos saw gaming revenues drop 4 percent and South Lake Tahoe’s gaming market was down 12 percent.

The GCB also released figures for the state’s 2019 fiscal year, which ended in June. Statewide, Nevada gaming revenues hit $11.9 billion, a less than 1 percent increase from a year ago. Nevada casinos grew revenues 3.2 percent in fiscal 2018.

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