Nevada gambling revenue down 5 percent in May


State officials say Nevada gambling revenue was down nearly 5 percent in May after a sharp drop in winnings on the Las Vegas Strip.

The Nevada Gaming Control Board said Thursday that the state’s casinos won $958 million in May.

Revenue on the Las Vegas Strip fell nearly 12 percent year-over-year, to $531 million. Downtown Las Vegas winnings were up 13 percent to $50 million.

Reno casino revenue was down 5 percent to $50 million.  South Lake Tahoe revenue fell 15 percent to $14 million in May.

The state collected $52 million in tax money based off the May winnings, which is down 17 percent from the same time last year.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

Trending Stories