Nevada Gaming Win Edges Up in October

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $988,744,450 for the month of October 2017, according to the state’s Gaming Control Board. This amounts to a 0.27% increase compared to October 2016, when licensees reported a gaming win of $986,075,384. For the fiscal year to date (July 1, 2017 through October 31, 2017), gaming win has increased 3.76%. Regional highlights after this chart from the GCB:

 

Strip revenue took a roughly 6% dive in October. Considering the rest of Clark County saw fairly healthy gains, it’s probably fair to say a good deal of this drop is related to the October 1 tragedy. The Boulder Strip led Southern Nevada with a 17.1% increase from October 2016.

In Northern Nevada, recent fortunes flipped as South Lake Tahoe saw a 16.19% gain from a year ago, while North Lake Tahoe posted a loss of 3.55% and was the only area in the region to slip in October. South Lake Tahoe is still down slightly for the fiscal year to date, while North Lake Tahoe is a top performer over that time period.

The State collected $59,688,436 in percentage fees during the month of November 2017, based upon the taxable revenues generated in October 2017. This represents a 0.13% (or $78,896) increase compared to the prior year’s November, when percentage fee collections were $59,609,540.