Healthy gain in February casino wins | TahoeDailyTribune.com
YOUR AD HERE »

Healthy gain in February casino wins

Stateline casinos took in $23 million in gaming wins in February for a phenomenal 43.12 percent increase compare to last year.

Nevada Gaming Control Board spokesman Russell Guindon cautioned that the percentage compares 1999 wins to a poor February in 1998 when El Nino winter conditions cut into winnings.

The “gaming win” is the amount of gaming dollars kept by casinos after patron wins are paid out.



“Probably one of the major factors contributing to it was weather, this year compared to last year,” Guindon said on Wednesday following release of the gaming report. Allowing for that, “it was still a strong month with double digit growth.”

Comparing February this year to two years ago, the month experienced a comfortable growth of 16.8 percent.




All aspects of gaming was up at Stateline casinos, Guindon said.

Slot machine activity increased by 30.6 percent to show a winnings growth of 51.5 percent.

Games and table games, such as roulette, craps and blackjack, showed an increase in activity of 44.7 percent for a 32.9 percent increase in the casino winnings.

The gaming win for the state overall, at $659.4 million, showed a 12.6 percent increase.

A breakdown of the February report from Nevada casinos shows:

n The Las Vegas Strip’s $331.8 million win was up 20.1 percent compared with February 1998; and downtown Las Vegas winnings of $53.2 million were up 2.6 percent.

n Elsewhere in southern Nevada, the Boulder Strip was down 7.4 percent and North Las Vegas was down 1.2 percent. Guindon said Boulder clubs were last negative in October 1991 and North Vegas clubs were last negative in October 1994.

n The Reno-Sparks area in northern Nevada had February winnings of $67.9 million, up 4.5 percent.

A breakdown shows $50.5 million won by clubs in Reno, up 4.6 percent; $11.4 million won by casinos in Sparks, up 4.8 percent; and $2.4 million won by resorts on Tahoe’s north shore, up 1.9 percent.

n Elsewhere in the north, Elko County winnings of $15.1 million were up 0.8 percent in February; and the Minden-Carson City casino win of $5.9 million was up 11 percent.

Casinos in Churchill County won $1.2 million, up 15.2 percent; clubs in Humboldt County won $1.2 million, down 2.7 percent; and casinos in White Pine County won $338,000, up 24.3 percent.

n A statewide breakdown of games that produced the most revenue in February shows the clubs won $75.9 million on blackjack; $31.7 million on craps; and $68 million from baccarat.

Dollar slots won $113.9 million; quarter slots won $193.7 million; and nickel slots won $79 million.

– The Associated Press contributed to this story.


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: iconModerator iconTrusted User