May good for Nevada gaming
CARSON CITY, Nev. (AP) – The month of May started off slowly but Nevada casinos produced their largest percentage increase in winnings so far this year thanks mainly to a strong Memorial Day weekend.
The state Gaming Control Board said Tuesday that the May win total for casinos was $844.2 million, up 5.6 percent statewide compared with the same month last year.
That included an 11.8 percent jump in revenues to $431 million for the Las Vegas Strip resorts – the biggest percentage growth since July 2000.
The Control Board’s Frank Streshley said the sizable increase was surprising given that no major boxing or special events were held in May.
The $844.2 million win was the amount left behind by gamblers who bet a total of $2 billion on table games and $10 billion in slot machines around the state.
The state’s percentage fees based on the May casino win totaled $56.2 million, a 7.8 percent increase over the same period last year. It brought the year-to-date fee total to less than 1 percent over the same 12-month period the previous year.
”Win” is a gross figure, with no operating costs or other expenses deducted. And it’s casino revenue only – separate from hotel, restaurant or bar revenues generated by the resorts.
A breakdown shows the Reno-Sparks-North Tahoe area in northern Nevada had $97.7 million in May winnings, down 2.9 percent from May 2000.
In a month characterized as the shoulder season, Stateline casinos nudged down 3.95 percent to $25 million.
In southern Nevada, the Boulder Strip with $57.7 million in winnings showed a 13.1 percent increase, Downtown Las Vegas was flat in May with winnings of $58.1 million and Laughlin declined 5 percent to $44.8 million
The statewide win total included $551 million from slot machines, up 1 percent; and $287 million from table games, up 16.1 percent.
A breakdown of table games that produced the most revenue in May shows casinos won $100 million on blackjack; $44.5 million on craps; and $37 million from baccarat.
Dollar slots won $125.3 million; quarter slots won $207.4 million; and nickel slots won $149.4 million.
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