Nevada Casino Revenue Down 10 Percent in May

By: Associated Press Email
By: Associated Press Email

LAS VEGAS (AP) - State gambling regulators say Nevada casinos revenues were down 10 percent in May compared with a year earlier.

Nevada Gaming Control Board officials say Thursday that casinos brought in $885 million in May, down from $984 million a year ago.

Revenue on the Las Vegas Strip was down 18 percent in May at $475 million, while downtown Las Vegas was down 2 percent at $45 million. Laughlin had a better month, with a 20 percent gain in May.

Reno revenue was down 5 percent, while South Lake Tahoe casino
winnings dived nearly 27 percent.

Nevada collected much less tax revenue from casinos in May. State officials say they brought in $52 million based on May winnings, which is a 24 percent drop from the previous year.

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