Nevada casino win down again | SierraSun.com

Nevada casino win down again

The Associated Press

CARSON CITY, Nev. ” Nevada casinos had their 14th straight month of declines in winnings in February, reporting $830.9 million for an 18.1 percent drop compared with February 2008, according to a new state report.

Taxes based on the casino win, a major revenue source for the state, were up 22.6 percent compared with a year ago, according to the Gaming Control Board report. So far this fiscal year, those revenues are down 16.3 percent.

The GCB report shows declines during February in many major markets in the state, including the Las Vegas Strip which was down 23.5 percent.

In northern Nevada, clubs in Washoe County, which takes in Reno, were down 23.4 percent. It was the 20th consecutive month of declines for the area.

Resorts on Lake Tahoe’s south shore reported a 26.8 percent decrease in February compared with the same month a year earlier.

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Area February Win Percentage Change

Statewide $830.9 million -18.12%

Carson Valley $7.78 million 3.33%

South Shore $16.6 million -17.08%

North Shore $1.85 million -23.88%

Washoe County $59.3 million -23.4%

Reno $42.25 million -26%

Clark County $710.6 million -17.94%

Las Vegas Strip $427.4 million -23.45%