Nevada gaming revenue slumps for third consecutive month

Tapanee “Jib Jib” Songsee deals blackjack Monday, April 21, 2014, at the Cromwell.

Nevada gaming revenue declined for the third consecutive month in October, the state reported today.

State casinos won $913.6 million last month, a 4.26 percent decrease from October 2013, according to the Gaming Control Board. Gaming revenue is down 3.29 percent so far for the fiscal year, which began July 1.

On the Las Vegas Strip, which accounts for more than half of the state’s total, revenue dropped 5.63 percent from last year to $520.3 million. Baccarat revenue there, which accounts for the overwhelming majority of the state’s total for the game, dropped 35.51 percent to $97.3 million.

Gaming revenue in downtown Las Vegas, on the other hand, rose a modest 1.22 percent from last year to $47.7 million.

North Las Vegas and the Boulder Strip saw double-digit declines of 14.66 percent and 24.20 percent, respectively.

Laughlin and Mesquite each recorded less dramatic decreases of 4.71 percent and 1.26 percent, respectively.

In all, Clark County’s October gaming revenue was down 6.23 percent from last year.

Casinos in Washoe County fared comparatively better, with revenue up 6.78 percent. In Reno, casinos won $46.8 million, a 7.92 percent increase from last year.

Statewide, online poker revenue was just $665,000, a 46.95 percent decline.

October was the last month Ultimate Gaming, formerly one of three online poker sites in the state, will be included in the figures. Ultimate Gaming announced it was shutting down almost two weeks ago.

The state collected $66.8 million in taxes on October’s revenue, a 9.46 percent increase from last year.

Gaming

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