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The Nevada Gaming Control Board has released October numbers that show new lowpoints in revenues staewide, which declined to $800.3 million - the lowest monthly record in almost six years, and an overall decline of 11.6% when compared with the same period in 2008.
The disappointing performance of the gambling industry, which accounts for about two-thirds of state tax revenues, is the 22nd consecutive month of decline.
On the Strip, gaming revenues were $426.3 million, a 10.3% decline compared with October last year. All but two areas of Clark County reported double-digit gaming declines; the Boulder Strip was down 6.3% while North Las Vegas casinos were up 3.3%.
Tax collections based on the gaming revenues generated in October was $49.3 million, a decline of 12.7%. For the fiscal year that began July 1, 2009 total collections are about $50 million short of projections used to set the state budget this year.
Source: InfoPowa News