Nevada gambling revenue down 1.5 percent in November

News on 29 Dec 2016

The Nevada Gaming Control Board said Thursday that the state’s land casino revenues were down 1.5 percent year-on-year in November, reaching $930 million.

The decline was chiefly noticed in the Las Vegas casino business, where Las Vegas Strip revenue was down 3.5 percent year-over-year, to $517 million, and Downtown Las Vegas winnings fell 5.5 percent to $51 million.

Reno casino revenue was up almost 3 percent to $46 million, whilst South Lake Tahoe revenue also jumped 12.5 percent to $16 million.

The state collected $56 million in tax money based off the November winnings, which is down 3.5 percent from the same time last year.

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