Lake Tahoe South Shore gaming win up over 25 percent in July
While most reporting areas saw gaming win change by just a fraction in July, South Shore casinos at Lake Tahoe enjoyed a 25.5 percent increase to a hair under $30 million.
By comparison, the Carson Valley Area, and Washoe County casinos were up by just a third of 1 percent while Elko and Clark counties were down by about a percent. Tahoe’s North Shore was up 2 percent.
South Shore casinos at Stateline raked in $6.1 million more this July than last year for a total of $29.9 million, but Gaming Control Board Analyst Mike Lawton said it was a very easy comparison since south shore was down 14.8 percent a year ago. Slot win was up 20 percent or $3.3 million despite the fact the volume of play was down. Game and Table win was up 37 percent or $2.8 million. The major driver there was “21” play which increased a whopping 82.7 percent.
Lawton said statewide, the total $996.44 million in win amounted to a 0.16 percent decrease from the same month last year — down just $1.6 million.
He said the difference was primarily Baccarat where total win was down 16.4 percent or $19.8 million compared to July 2017. The difference was primarily a reduction in the hold percentage from 15.35 to 13.35 percent. As a result, total win on the Strip was actually down 5.75 percent.
North Shore casinos at Crystal Bay increased win by 2 percent to $3.51 million. That is North Shore’s fifth consecutive increase. Slot win was up $20,000 and table games win up $49,000 in July.
The Carson Valley reporting area, which includes valley portions of Douglas County, was up by three-tenths of a percent to $9.56 million — a $30,000 difference. It was a tough comparison since total win was up 8 percent last year. The culprit was table games, which were down 38.6 percent to $418,000. Slot win was up but just by 3.3 percent.
But Lawton said this marks the 14th consecutive year-over-year increase and Carson is up 6.6 percent so far this calendar year.
In Washoe County, the story was similar with total win up three tenths of a percent to $78.1 million. That is Washoe’s 15th consecutive increase and the county is up 6.1 percent through seven months of the calendar year.
Finally, Churchill County casinos won $1.68 million in July. That is a 5.4 percent decrease from a year ago. Games win dropped 65 percent to just $23,000 and slot play fell 3.1 percent to $1.66 million.
Support Local Journalism
Support Local Journalism
Readers around Lake Tahoe, Truckee, and beyond make the Sierra Sun's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Your donation will help us continue to cover COVID-19 and our other vital local news.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
The Federal Aviation Administration has confirmed four people died in yesterday’s plane crash near Truckee Tahoe Airport.