News Financial 31. August 2022
Nevada announces $1.31bn Gaming Win for July
Peter Lynch
Nevada’s non-restricted gaming licensees have reported a total gaming win of $1.31bn for the month of July 2022.
According to the Nevada Gaming Control Board’s report, this total is 3% lower than July 2021 when licensedes reported a $1.35bn gaming win.
Clark Country accounted for the largest share of the total revenue, at $1.12bn. This is down 3 percent from the previous-year period when it was $1.16bn.
Clark County saw a 3% drop in Las Vegas Strip revenue to $773.3m. Downtown revenue declined by 16%, while North Las Vegas revenues dropped to $60m ($24.5m) and 4% respectively.
Laughlin Strip and Boulder Strip had revenue amounts of $42.8 million and $72.7 million, respectively. Both the former and the latter were equals compared with the previous-year period. However, the latter increased by 4%. Mesquite, at $14.1m, was equal to that of the previous year.
The Washoe County revenues were $94.7 million, which is 5% less than the previous-year period. South Lake Tahoe revenue was $31.8m. This represents a 11% decline year-over-year. Year-on-year revenue for Carson Valley Area declined by 3% to $11.7m.
Elko County reported the positive change year over year, reporting revenue growth of 5% between July 2021 and $35.9m.
According to July 2022 tax revenues, Nevada Gaming Control Board reports that 90.3 million dollars in percentage fees were collected by Nevada.
It is down 7% compared with August 2021’s $97.7m percentage fee collection.
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