Nevada video gaming earnings dropped somewhat last month, led by a more substantial year over year decline in Clark County, the state reported today.
The Video gaming Control Board said statewide gambling establishment income was $922.9 million in July, down 0.96 percent from the exact same month in 2014. Statewide, baccarat profits decreased 23.08 percent to $104.1 million, while slot earnings enhanced 5.52 percent to $600.3 million.
Baccarat income declined 23.08 percent to $104.1 million, while slot revenue enhanced 5.52 percent to $600.3 million.
Income from baccarat, a game played largely by high-stakes gamblers on the Strip, has fared particularly badly for the previous year: It’s down more than 22 percent over the last 12 months. Michael Lawton, senior research expert for the pc gaming board, said the state must begin seeing better year over year comparisons beginning in August.
“I’m not going handicap baccarat, exactly what I think is going to take place, but I can just tell you the comparisons start to get much easier,” he said.
But Lawton stated “the blow is being lessened by slots.” Omitting baccarat, statewide gaming income was up 2.8 percent in July, he noted.
In Clark County, where most of the state overall is created, video gaming earnings dropped 1.72 percent from the year before to $786.6 million. That decline was more noticable on the Strip, which reported $525 million in pc gaming profits for the month, down 2.09 percent from 2014.
The rest of the county had more blended outcomes. Downtown Las Vegas reported a substantial increase from in 2014, with gaming earnings increasing 6.54 percent to $40.8 million. Mesquite also saw an increase of 1.28 percent.
However pc gaming revenue declined in North Las Vegas, Laughlin and the Stone Strip by 9.41 percent, 1.77 percent and 11.06 percent, respectively.
Washoe County had a much better month– pc gaming revenue there was $69.7 million in July, up 4.86 percent from 2014. In Reno, revenue increased 5.95 percent to $50.6 million.
South Lake Tahoe reported a considerable decline from in 2013. There, gaming income was $23.3 million in July, down 7.04 percent.
The state gathered $56.9 million in taxes on July’s pc gaming revenue, up 7.48 percent from the year before.