Casinos report 21% drop in “Gaming Win” for the fiscal year
RENO, Nev. (KOLO) - Nevada casinos reported a “Gaming Win” of $566,806,791 for June 2020. The win is down 45.55 percent from June of 2019, but the largest decreases were seen in the Clark County casinos.
|Area||June 2020||June 2019||% Change|
|South Lake Tahoe||$13,080,609||$16,461,499||-20.54%|
|Carson Valley Area||$9,234,538||$9,397,270||-1.73%|
The Las Vegas Strip saw the largest decrease, down 61.36%. Countywide, Clark County saw a 51.36% decrease in its gaming win the loss of tourism due to COVID-19.
Washoe County casinos saw a drop in the gaming win of just 6.84%.
Nevada’s fiscal year runs from July through June. For the 2019-2020 Fiscal year, Nevada’s total gaming win dropped by 21.67%.
The Nevada casinos were allowed to reopen in mid-May.
For the month of July 2020, the state collected $344,027 in percentage fees, based on taxable casino revenues generated in June of 2020. That amount represents a 99.39% decrease from July 2019′s tax collections.
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