Nevada casinos win near-record $1.13 billion in May |

Nevada casinos win near-record $1.13 billion in May

Brendan Riley

CARSON CITY – Nevada casinos won a near-record $1.13 billion from gamblers in May for a 9 percent gain over the same month a year earlier, state regulators said Wednesday.

The May win reported by the state Gaming Control Board was the second highest ever for the clubs. The record was set last January, when resorts raked in $1.14 billion. May also marked the 22nd positive month in a row for casinos.

Control Board analyst Frank Streshley said factors that helped to produce the big May win included a Madonna concert and the Oscar De La Hoya-Ricardo Mayorga title fight, both held during the month in Las Vegas.

The state collected $71.6 million in percentage fees based on the May win. The fee collections were up 1.2 percent from the same month a year ago.

For the fiscal year that began July 1, statewide casino winnings now total $11.27 billion, an increase of 12.2 percent over the same time last year.

Fees collected by the state rose 11.3 percent to $790.4 million in the same period, topping 2005 projections by the state Economic Forum by $41.7 million.

The $1.13 billion casino win was the amount kept by the clubs after gamblers wagered $14.7 billion. That included $11.9 billion pumped into slot machines and $2.8 billion bet at table games, Streshley said.

Las Vegas Strip resorts accounted for more than half of the statewide win total, reporting $603.8 million for the month for an 11.2 percent gain over May 2005.

In contrast, winnings at downtown Las Vegas casinos were flat, rising just 0.4 percent to $58.3 million.

In northern Nevada, the Reno-Sparks-North Tahoe win rose 3.1 percent to $91.2 million. Casinos in Reno accounted for the bulk of that with $67.2 million, a 3.4 percent increase over the same month last year, while casinos in Sparks won $14.2 million, up 5.4 percent.

Casinos on Lake Tahoe’s South Shore reported a win of $25.8 million, down 7.6 percent; the Minden-Gardnerville-Carson City area reported a 9.5 percent drop, to $9.6 million; and Elko County’s overall win was barely down 0.2 percent to $22 million.

“Win” is a gross figure, with no operating costs or other expenses deducted, and does not include hotel, restaurant or bar revenues.

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