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September 17, 2014

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Nevada gambling revenues up 3 percent in September

Updated Thursday, Nov. 8, 2012 | 12:47 p.m.

State officials say Nevada gambling revenues were up more than 3 percent in September compared with the same month a year ago.

The Nevada Gaming Control Board reports a gambling win of $893 million for September. Officials also say casino revenues for July through September are up almost 6 percent compared with the same quarter in 2011.

Las Vegas Strip revenues of $497 million in September were up 1.2 percent, while downtown was up 6 percent.

Reno revenues of $49 million were up almost one percent, while South Lake Tahoe's $18 million win was up 5 percent.

State officials say they saw a big jump in tax revenue collected off the winnings. The state's takeaway amounted to $71 million, which is a 38 percent year-over-year jump.

Nevada casinos enjoyed a record month in sports and football gaming win in September, as bettors picked the wrong teams.

“A lot of the favorites did not cover,” said Michael Lawton, senior research analyst for the state Gaming Control Board. “The public likes to bet on the favorites.”

Statewide, the sports betting win increased 165.4 percent, with casinos reporting a win of $53.3 million.

Staff reporter Cy Ryan contributed to this report.

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