Nevada gaming revenues continue slump

Jun 12, 2008 7:37 PM

by David Stratton | For the fourth straight month, Nevada casinos won less from gamblers in April than they did in the same month last year, the state’s Gaming Control Board reported yesterday.

Nevada casinos won just over $1 billion from gamblers in April, a 5.1 percent decrease from the same month a year earlier.

The take for casinos along the Las Vegas Strip – the heart of Nevada’s casino industry – fell 1.3 percent to a total of $524.1 million for the month.

In downtown Las Vegas, which enjoyed two straight months of increasing revenues, casinos won 6.7 percent less than they did a year ago.

The bulk of the downslide was at the slot machines, which won 8.9 percent less than they did in April 2007.

Table games, conversely, raked in 4.4 percent more than they did a year ago.

Nevada sports books had a good month as solid betting on baseball and basketball resulted in a 236 percent increase in gaming win over a year ago.

Poker rooms, however, saw its revenue slip 8.4 percent in April.

For complete details and analysis of April’s gaming revenue, see next Tuesday’s GamingToday.