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Nevada casino winnings fall 5.7 percent in April

The June 11, 2023, By Quirino De Luca

Casinos in Nevada won $810.5 million in April, 5.7 less than the same month last year, gambling regulators said Wendesday.

The State Gaming Control board said tax collections based on those winning were$39.7 millionin May, a steep 23.4% decrease when compared with the taxes paid in May last year. The steepest decrease came from the Boulder Strip, and in South and North Lake Tahoe. On the Boulder Strip, casinos winnings dropped nearly 13% to $56.8 million. The area produced 7% of statewide gambling revenue, compared with 8.8% in April 2009.

Gambling revenue on the Las Vegas strip dropped less than 1% to $437.3 million. However, the Strip slightly increased its share of gambling revenue, talking in 54% of Nevada’s total, compared with 51% in April last year.

Only three areas in Nevadam showed any increase in customer traffic over the past year, Carson Valley, Mesquite and Wendover in Elko County. These three areas made a combined 4.1 percent of the state's gambling revenues.

Gambling regulators said casino winnings dropped 4 percent during the first 10 months of the fiscal year, which ends this month. Casinos statewide have won $8.7 billion from July through April, compared with $9.08 billion during the first 10 months of the prior fiscal year.

Over that time, casino winnings on the Strip increased just over 0.5 percent, to $4.79 billion. State officials said the taxes collected on gambling revenues in the first 11 months of the fiscal year were $572.7 million, down 5.3 percent from the $604.6 million through the first 11 months of fiscal 2009.

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