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Nevada Gambling Revenues Drop14% In February

The Nevada Gaming Control Board released some dire financial results for the state's gambling industry, noting that revenues fell 14% in the month of February.

Revenues dropped from $1 billion last year to $926 million in February, with the Las Vegas Strip bringing in just $556 million (down 30% from last year).

Downtown Las Vegas hauled in $43 million, which was up 3%, while Reno Casinos brought in $44 million (up 1% from last year).

Lake Tahoe saw revenues of $15 million, which was down 10%.

The State of Nevada collected $59 million in tax revenues from the casino, which is down 5% from last year.