All of Nevada hit hard in February
Lake Tahoe and Reno/Sparks were not the only areas of Nevada with a decline in February gaming revenues.
According to Gaming Control Board spokesman Russ Guindon, Nevada casinos as a whole won $588.2 million from gamblers in February, a 7.3 percent drop compared to a year earlier.
In southern Nevada, he said, the big factor was the loss of the Chinese New Year, which occured in January instead of February this year. The holiday usually brings in gamblers who like high-stakes baccarat games.
Clubs in all but a few areas showed declines.
— The Las Vegas Strip resorts reported a 15.8 percent slump. The Strip accounted for nearly half of the statewide win.
–A breakdown of the casinos’ $588.2 million win in February shows table games accounted for $185.5 million of the total, down 25.9 percent. Slot machine wins increased 4.9 percent to $398.1 million. Poker accounted for the $4.7 million balance, down 8.3 percent.
— Downtown Las Vegas casinos won $51.9 million for a 4.8 percent decline and Laughlin clubs won $41.6 million for a 2.7 percent slump.
— North Las Vegas casinos won $15.6 million, up 24 percent; and Boulder Strip clubs won $43.3 million, up 40.6 percent.
— Casinos in the Reno-Sparks-North Tahoe area won $65 million, down 8.7 percent. A breakdown shows Reno down 9.2 percent, Sparks down 2.8 percent and North Tahoe down 10.6 percent.
— Elsewhere in the north, clubs in Elko County won $15 million, down 7.2 percent; casinos in Carson City-Gardnerville-Minden won $5.4 million, up 3 percent; Churchill County casinos won $1 million, up 26.3 percent; Humboldt County clubs won $1.2 million, up 8 percent; and White Pine County casinos won $272,000, down 17.1 percent.
— The state’s cut in taxes was up only 2.2 percent in February. That brings the tax gain so far this fiscal year to only 2 percent.
Guindon said that with only a few months left in the fiscal year, a continued 2 percent average would mean a shortfall of about $21 million in casino taxes anticipated by state lawmakers last year. Such taxes account for about 35 percent of Nevada’s budget.
Tahoe Daily Tribune E-mail: firstname.lastname@example.org
Visitors Guide | News | Diversions | Marketplace | Weather | Community
Copyright, tahoe.com. Materials contained within this site may
not be used without permission.
Support Local Journalism
Support Local Journalism
Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Your donation will help us continue to cover COVID-19 and our other vital local news.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User