Nevada experiences revenue fall

Nevada experienced its fourth month of consecutive declines in revenue and totalled US$936.5 million in April.

US.- The Nevada Gaming Control Board (NGCB) has revealed that Nevada reported its fourth consecutive month of revenue declines in April. The state totalled US$936.5 million in April, which is a 2% year-on-year decrease.

Las Vegas Strip casinos registered a 3.5% decrease in house winnings year-to-year, after a 3.8% decrease in the previous month’s comparison. Lake Tahoe also reported a setback to 12.5% on the South side and 16.1% in the North.

Revenue at the Las Vegas Strip was US$481.9 million and was followed by the Boulder Strip’s US$78 million. However, that territory reported a 0.2% decrease. On the other hand, Downtown Las Vegas posted a 2% rise to US$61 million.

Furthermore, statewide casino win was practically flat in April when compared to the first 10 months of 2018. Win was 0.5% up to under US$9.9 billion. The NGCB report also detailed that Nevada registered almost US$51 million in percentage fee taxes in April, which is 5.1% less than was collected a year ago.

Despite the bad casino results, sportsbooks in Nevada experienced US$21.6 million in April and US$328 million in handle. These numbers represent a 32% increase.