Tag: nevada gambling
Record Revenue Run Continues for Nevada Gambling
Think the pandemic has killed Nevada gambling revenue? Don’t bet on it! The Nevada Gaming Control Board has released the numbers for September, and it’s all good news! We had reported that gambling in the Silver State was on a six-month hot streak of generating over $1 billion a month. And now you can make it seven months, which is the second longest streak of billion dollar months ever! The winnings for the state in September were $1.16 billion, to be precise. That’s more than a 40% rate of growth from last year, and nearly a 10% growth from 2019…
Legal Online Poker Wins the Day at Nevada Legislature
A bill to bring legal online poker to Nevada after Congress failed to do it? Check. A bill to protect big casino resorts from slot machine parlors and bars with sports betting kiosks? Check. A $233 million lawsuit settlement that eliminates a disputed tax on comped meals? Check. (Well, almost check, the bill hasn’t yet been passed by the Senate but appears poised to do so.) “So far, it’s been an OK session,” said Pete Ernaut, lobbyist for the Nevada Resort Association, who has been at the helm of many of the industry’s legislative initiatives this year. These days, it’s…
Nevada gambling revenue tops $194M
From Elko Daily Free Press Nevada casinos won $914.8 million in March, posting a 7 percent increase from the same month a year ago with much of the gains attributable to the high-roller game of baccarat, the state Gaming Control Board reported Friday. Wendover’s revenue was up 7.6 percent and the rest of Elko County saw an 8.9 percent gain. The March statewide winnings pushed the fiscal year-to-date total to nearly $8.4 billion, 2.8 percent more than last year. Taxes collected on the March win totaled $78.3 million, an increase of 9.6 percent. The Las Vegas Strip posted a 13.1…