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Nevada Sees Gambling Revenues Jump 18.4%

Nevada's gambling comeback continued in January as gaming revenues jumped by 18.4% when compared to the previous year.

The revenue report was released by the Nevada Gaming Control Board and reveals that the gains are the largest in over three years.

Key financial indicators for January were:

  • That Vegas casinos won $1.038 billion in January, up from $877 during the same period last year

  • That the Las Vegas Strip showed a 29% gain year over year, bringing in roughly $624 million in January

  • Downtown Las Vegas revenues were up 14% to $47 million.

  • South Lake Tahoe took in $17 million, up 2%

  • Washoe County had negative numbers, down 8.6% year over year to $38 million

  • Nevada casinos collected $57 million in taxes in January, down 16.5% during the same period last year

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