Nevada Gambling Revenues Slightly Lower In May

NEVADA GAMBLING REVENUES SLIGHTLY LOWER IN MAY

01st July, 2016 at 09:53:45
Source: http://www.azonlinecasinos.com

But it was a tough comparison month.

Figures released late Thursday by the Nevada Gaming Control Board revealed that Nevada gambling revenue in May 2016 was $958 million - slightly down on the billion dollars of the comparison period last year, when Las Vegas visitation numbers were higher thanks to the Floyd Mayweather and Manny Pacquiao fight, and the Rock in Rio music festival.

"At the end of the day, we were facing a tough comparison," Board analyst Mike Lawton said. "We don't hit $1 billion too many times. Last May was a hugely successful month that was driven by a strong events calendar."

Revenue on the Las Vegas Strip totaled $531 million in May, down nearly 12% compared with May 2015. That means winnings so far this year on the Strip are 3.8% lower year-on-year, and overall winnings for the state are down 1.1. percent.

Elsewhere in the state, downtown Las Vegas winnings were up 13% to $50 million; Boulder Strip winngs totalled $78 million - up 26 percent;and North Las Vegas revenue was up 28% to $27 million. Reno fared less well, with casino revenue down 5% at $50 million, and Lake Tahoe also experienced a fall-off, dropping 15% to $14 million.

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