Nevada may soon be known as the comeback kid of casino gambling industry states as they saw increases in revenues for the second straight month. The increase of 16% in gaming industry revenues for the month of June was also the second month on the trot that they were up by double figures. The figure put on gaming revenues, according to the Nevada Gaming Control Board, was $855.7m for the state alone.
On the Sin City strip itself, gaming industry revenues were up 32.3%, the largest jump for a single month since February 2010. The increase represented $506.7m collected from gamblers in the month on the Las Vegas strip. The state also saw an increase in their tax take that saw a 22.8% increase as it rose from $42.9m to $52.8m compared with the same period a year ago. To say that everyone is happy in the sinful state would be an understatement. They all have happy badges on!
The state’s Gaming Control Board used the release to report the state’s fiscal year gaming industry revenues for the period between July 2010 and June 2011. The increases in gaming revenue were $10.63bn, an altogether more modest increase of 3%. It was in stark contrast to the previous year where gaming revenues had fallen by 4.3%
As far as Sin City was concerned, its gaming revenues also increased in the fiscal year by 7% to around $6.1bn. The numbers are obviously nothing compared to the world leader Macau. It will be of huge encouragement to those in this corner of the United States. The challenge now is to maintain the figures at that level for the near future. All good comebacks don’t just fizzle out people. Just ask Take That.