In figures reported on Thursday, Nevada casino gaming revenue, or “win,” was flat in January year-over-year according to the Nevada Gaming Control Board. Statewide, Nevada casinos raked in a total of $877.4 million two months ago, which represented a decrease of 0.67% over the same period one year prior. The good news is that, over the fiscal year to date, revenues are up 1.18% year-over-year.
In Clark County, which includes fabulous Las Vegas, revenues of $761.3 million were recorded, a 0.39% decrease from the $764.3 million recorded in January 2010. During the current fiscal year, revenues are up 1.93%. On the Las Vegas Strip, which includes poker-friendly establishments like the Bellagio, Caesars Palace, and Venetian, revenues were off 2.49% year-over-year to $482.7 million. Over the fiscal year, casino win on the Strip is up 4.34% to $3.5 billion – yes, that’s billion with a “b.”
In Downtown Las Vegas, the former home of the annual World Series of Poker, casino revenues totaled $41.4 million in January 2011, an 8.35% boost year-over-year. This marked the fourth largest single-area increase reported by the Board for January. During the fiscal year to date, however, revenues are down 2.84%. Downtown Las Vegas includes casinos like Binion’s, the Golden Nugget, and the Four Queens.
North Las Vegas reported the largest one-year increase of any area in January. Its revenues of $25.0 million represented a colossal 13.22% boost year-over-year. Trending the other way was Laughlin, which reported gaming revenues of $38.5 million, a 2.50% slide year-over-year. Laughlin’s casino lineup includes Harrah’s and Edgewater.
Gaming property owners on the Boulder Strip were jumping for joy in January (try saying that three times fast), as casino win was up 10.92% to $77.6 million. The final area in Clark County to report revenue was Mesquite, whose gambling win was roughly flat year-over-year at $9.9 million.
In Washoe County, whose claim to fame is Reno, gaming revenues in January were $57.3 million, down 4.93% from the $60.2 million recorded last year at that time. Over the fiscal year to date, casino win in the county is off by about the same amount and sits at $442.5 million.
In “The Biggest Little City in the World,” casino win in January totaled $41.6 million, a drop of 4.68% year-over-year. During the current fiscal year, Reno has reported gaming revenues of $320.0 million, a decline of 3.55% from the previous fiscal year. Reno’s fleet of casinos includes the Grand Sierra, Peppermill, and Atlantis. It’s the county seat of Washoe County.
Also making its home in Washoe County is Sparks, whose casino win was $9.4 million in January, a fall of 5.85% year-over-year. Sparks has also seen its revenue tumble during the fiscal year, as tally of $70.5 million represents a fall of 8.64%, the largest percentage given by the Board in that department. Finally, in North Lake Tahoe, revenues of $2.0 million in January were 1.04% greater year-over-year.
Casinos like Peppermill, Red Garter, and Stateline in Wendover reported combined revenues of $13.6 million in January, which were off 3.87%. Over the fiscal year, that number is $92.1 million, which is relatively even with the $93.5 million recorded one year prior.
Finally, in the Carson Valley Area, revenues were up big time. Carson Valley Area gambling saloons hauled in $8.1 million in win, a rise of 10.57% from the $7.3 million turned in one year before.
Also distributed by the Board on Thursday were fee collections. The State collected $68.8 million in fees last month based on January revenue, which represented a 15.26% boost year-over-year. Fee collections have risen in four of the last six months.
View the entire Nevada Gaming Control Board revenue report.
