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January gambling revenue tops $1B despite 2.1 percent drop

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Posted at 4:04 PM, Feb 28, 2018
and last updated 2018-02-28 19:04:13-05

Nevada gambling revenue crossed the psychologically important $1 billion threshold in January despite a 2.1 percent decline compared to the same month last year.

Data released Wednesday by the Nevada Gaming Control Board show casinos statewide earned about $1.02 billion from gamblers.

Casinos on the Las Vegas Strip saw their winnings decline 8.9 percent to about $554.8 million. That was the sharpest decline among the markets monitored across the state.

Gambling revenue at casinos in downtown Las Vegas increased 1.8 percent, bringing in about $56.6 million.

Winnings also increased in Reno, up 13.9 percent to about $44.7 million, and at Stateline on the south shore of Lake Tahoe, up 14.9 percent to about $19.7 million.

The state benefited with about $68.7 million in percentage fees based on the taxable revenues generated in January.