Nevada Gaming Revenue Down More Than 12% In January

The gambling industry in Nevada struggled to begin the year, as gaming revenues were reported to be down by 12.5% in the month of January.

The Nevada Gaming Control Board reported that land casinos in the Silver State brought in $909 million in January, which is down 12.5% from the same period in 2012. Casinos on the Las Vegas Strip saw their revenues drop the most, as revenues were down 19% to $507 million for the month. Downtown casinos were down 5% to $45 million.

Statewide tax revenues were actually higher despite the drop in revenues, as January brought in $68 million for the state's coffers. The number represents an 18% increase over the same period last year.