Nevada casinos winnings report down for 22nd month | SierraSun.com

Nevada casinos winnings report down for 22nd month

The Associated Press

CARSON CITY, Nev. and#8212; Nevada gambling regulators say casinos in the state won about $800 million from gamblers in October, down almost 11.6 percent compared with the same month in 2008.

The Nevada Gaming Control Board also said Thursday that monthly revenues for the first four months of the fiscal year are down almost 11 percent compared with last year.

The October figures mark the 22nd straight month of year-over-year declines for Nevada casinos suffering the effects of a slump in tourism and gambling.

Regulators say the state collected $49.3 million in taxes based on October revenues. That’s down 12.7 percent from the same month a year ago.

October revenues dropped more than 10 percent on the Las Vegas Strip, about 16 percent in the Reno area and downtown Las Vegas, 19 percent in Laughlin and 24 percent at South Lake Tahoe.