Gaming revenue in Nevada stays flat

nevada

Nevada casinos experienced a slight increase in revenue during 2016 to US$11.2 billion.

The state barely perceived an increase in 2016.

US.- Nevada casinos experienced a slight increase in revenue during 2016 to US$11.2 billion, a 1.3 percent higher than 2015. The local gaming regulators announced that casinos won US$956 million in December, a 2.7 fall year-over-year.

Slot machines totaled US$7.1 billion of the revenue collected last year, a 2.3 percent rise from the previous year, whilst table games registered a 0.4 percent decrease year-over-year to US$4 billion. Las Vegas Strip area collected 56.7 percent of Nevada’s gaming win with US$6.3 billion, almost 0.5 percent higher than 2015.

Whilst the historic high for the state was ten years ago with US$12.85 registered in revenues, the following two years the state experienced a 10 percent fall for national economic reasons, so being US$1 billion under the all time high doesn’t seem so bad for casino operators in the area.

Last month, the Nevada Gaming Control Board released the fiscal year report on the casino industry. The statement revealed that the biggest casinos, the ones that generated US$1 million or more in revenue last year, reported US$979 million, the biggest number since 2008. The annual Nevada Gaming Abstract 2016 also shows that the State received US$822 million in gaming taxes and fees, meaning 7.6 percent of their gaming revenue.