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Nevada casino winnings top $1B in July; 4th month in 2019

Poker tables disappearing from casinos
Posted at 8:46 AM, Aug 28, 2019
and last updated 2019-08-28 11:46:58-04

July was good for casinos in Nevada, where state regulators say house winnings topped $1 billion for the fourth time in seven months this year.

The Nevada Gaming Control Board reported Wednesday the statewide "gaming win" in July was up 2.9% compared with the same month in 2018.

The state reported taking in $73.9 million in percentage fees on those figures. That's up 32.5% from a year ago, but board analyst Michael Lawton says that's because casinos took tax credits in July 2018.

Lawton says house winnings on increased slot machine play contributed to a 4.4% year-to-year statewide casino win increase last month.

Las Vegas Strip properties reported a 1.6% increase in overall winnings.

Gambling taxes are second to sales taxes as a percentage of Nevada's $14 billion annual budget.