Nevada casino revenue up slightly in July

/ Las Vegas Sun

An aerial view of the Las Vegas Strip on Tuesday, March 13, 2012.

Nevada casino revenue increased less than 1 percent in July from the same month last year, at least partly due to continued gains on the Las Vegas Strip.

The state Gaming Control Board reported today that casinos won $931.8 million last month, a 0.65 percent increase from July 2013. Strip gaming revenue went up 4.83 percent to about $536 million, continuing the growth it has seen all summer.

“Baccarat had a very strong month on the Las Vegas Strip, which really accounted for a majority of the increase,” said Michael Lawton, senior research analyst for the gaming board.

Downtown revenue, meanwhile, dipped 2.8 percent to about $38.3 million. Other areas suffered worse declines: Boulder Strip gaming revenue decreased 9.78 percent, while South Lake Tahoe revenue decreased about 22.5 percent.

Casinos in Reno also saw their revenues drop by 2.28 percent to about $47.8 million.

Baccarat remained a significant source of growth for the state — it brought in 13.87 percent more revenue than last year. Slot revenue, on the other hand, dropped 2.86 percent.

Online poker revenue improved year-over-year by about 11 percent, climbing to $958,000. In June, it brought in more than $1 million for the first time.

Clark County largely mirrored the individual game numbers. There, baccarat revenue increased about 16 percent and slot win decreased about 1 percent.

The state reported that it collected $52.2 million in taxes based on July’s winnings, which marks a 14.73 percent decrease from last year.