Nevada Casino Revenue Down 4 Percent in August

Written by:
Associated Press
Published on:
Sep/26/2014
Nevada Casino Revenue Down 4 Percent in August

State officials say Nevada gambling revenue was down nearly 4% in August compared with a year earlier, largely due to a drop in winnings on the Las Vegas Strip.

Nevada Gaming Control Board officials said Friday that casinos brought in $920 million in August, down from $955 million a year ago.

Revenue on the Las Vegas Strip was down 6% year-over-year to $553 million, while downtown revenue went up 4% to $35 million.

Reno gambling revenues were down 2% to $53 million.

South Lake Tahoe had a banner month. Casinos won $28 million, which was up 33% year-over-year.

The state collected $51 million in taxes on the August winnings. That's down 1% from last August.

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