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Nevada’s Gaming Revenue Drops in November

TAGs: Las Vegas, Las Vegas Strip, Nevada Gaming Commission, Nevada revenues

Today the State of Nevada released its Monthly Win and Percentage Fee Tax Collection report for the month of November 2010.

The release shows a total “gaming win” of $822,097,967 for reporting nonrestricted gLas Vegas Parisaming licensees, this is a drop of 5.87% over the $873,336,531 reported in November 2009.

The slide is a little disheartening for Nevada, which is having a bounce back year. As total gaming win for the fiscal year starting July 1, 2010 shows the Nevada Casino’s gaming win is up 2.28% over the same period in 2009.

The state coffers suffered in December 2010 as they collected $49,788,206 in percentage fees for the year’s final month. This is a drop of 12.70% from the $57,029,541 in percentage fees collected in December 2009. Still like the gaming win numbers, the Nevada’s percentage fees collected are still up 2.49% this fiscal year over the fiscal year beginning July 2009.

The Las Vegas Strip performed a touch better than the rest of the state with $454,308,141 gaming win revenue. This accounted for just a 4.12% drop compared to 5.87% statewide. Overall, the Las Vegas Strip, is carrying the State’s rise in numbers as gaming win revenue on the Strip is up 6.82% overall .

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