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Nevada Sees July Gaming Revenues Fall 8 Percent

Nevada's gambling economy continues to struggle, as the state's Gaming Control Board reported that gaming revenues fell nearly 8 percent for the month of July.

Key financial indicators for the month ending July 31st, 2013 were:

  • Gaming Revenues down 7.97% from the same month in 2012, totaling $925,729,767.

  • Tax Revenues of $61,177,073 for August (which is based on July's casino performance), a decrease of 9.40% when compared to the same period last year.

  • The Las Vegas Strip was hit hard, seeing a decrease in revenues amounting to 14.4%.

  • Slot revenue totaled $585.6 million, a slight decrease from last year.

  • Baccarat was hit hard, as revenues totaled $118.8 million -- a 37.5% drop from last year.

  • Blackjack revenues totaled $92.3 million.

  • Roulette brought in $35.4 million.

  • Craps wins totaled $28 million.

  • Three Card Poker saw $12.2 million in revenues.

  • Pai Gow Poker grossed $10.2 million in wins.

  • Mini-Baccarat brought in $8.1 million.

  • Let It Ride totaled $3.1 million.

  • Keno revenues totaled $2.1 million.

With the steep decline in revenues, the state is hotly anticipating expanding its online poker offering. Currently, only Nevada based Ultimate Poker is operational, with others set to join the party later this year.

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