Thursday, November 11, 2004
Copyright © Las Vegas Review-Journal
NEVADA ECONOMY: State gaming win up in September
$924.8 million in month is
10 percent gain from year ago
By BRENDAN RILEY
THE ASSOCIATED PRESS
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CARSON CITY -- Nevada casinos won $924.8 million from gamblers in September, a 10 percent gain from the same month a year earlier, the state Gaming Control Board reported Wednesday.
Both slot machines and table games were up -- 10.3 percent for the games and 9.4 percent for slots; and every major casino market had a positive month.
"Gaming results across the board were strong in September and not just isolated to Clark County," Gov. Kenny Guinn said. "Washoe and Elko counties in particular are now showing signs of an economic turnaround in their gaming economies after declining the past several years."
"Win" is a gross figure, with no operating costs or other expenses deducted. And it's casino revenue only -- separate from hotel, restaurant or bar revenues generated by the resorts.
The state collected $61.5 million in percentage fees based on the September win, down 2.9 percent compared with the fees collected for the same month in 2003. But the fees so far this fiscal year are 4.3 percent higher than the amount predicted by the state's Economic Forum last year.
Strip resorts accounted for $459.5 million of the total win, up 9.1 percent. Downtown Las Vegas and North Las Vegas were both up 8.8 percent and the Boulder Strip was up 11.1 percent.
In Northern Nevada, Reno clubs were up 4.6 percent and Sparks casinos were up 17.3 percent. Stateline casinos on Tahoe's south shore were up 12.5 percent.
The $924.8 million statewide win during September included $639.5 million from slot machines and $276.7 million from table games.
Games that produced the most revenue included blackjack at $86.1 million, down 0.3 percent; craps at $43 million, up 26.6 percent; and baccarat at $43.5 million, up 45.3 percent. Poker games earned $8.6 million, up 58 percent; and sports betting operations won $21 million, down 10 percent.
Slot revenues were up largely because of a 68.8 percent increase, to $169 million, for multidenomination slots. Dollar slots won $103.9 million, down 14 percent; quarter slots won $153.2 million, down 8.3 percent; and nickel slots won $103.7 million, down 13.6 percent.
