Revenue generated by Nevada’s casino industry topped $1 billion in monthly revenue for the sixth time in 2019, despite an almost 10 percent decline in gaming revenue on the Las Vegas Strip.
The Nevada Gaming Control Board reported Tuesday the state’s casinos earned $1.021 billion in gaming revenues during the month, a decline of 3.85 percent from the $1.062 billion reported in October 2018.
On the Las Vegas Strip, casino revenues fell 9.25 percent to $538.52 million, compared to $593.41 million in October 2018. North Lake Tahoe posted the largest year-over-year decline with revenues falling 17.10 percent to $1.85 million, compared with $2.23 million
But not all the numbers in October were bad. Downtown Las Vegas posted a 7.16 percent increase in revenue to $68.32 million, up from 63.75 million.
South Lake Tahoe posted the largest increase in October as gaming revenues jumped 14.32 percent to $19.50 million, up from $17.05 million for the same month last year.