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Nevada Sees Gambling Revenues Dip 4%

Nevada saw its gambling revenues dip 4% in August due to big wins by players visiting the world's second largest gambling city.

For the month casinos brought in $920 million in revenue, which is down from the $955 million that casinos brought in during 2013. Most of that lower revenue is due to lower baccarat revenue. If those numbers are taken out of the equation revenues would have only fallen 1.3%.

For the year Las Vegas Strip revenues are down $553 million compared to the same period last year. Downtown revenues are up 4% to $35 million, while Reno revenues are down 2% to $53 million. South Lake Tahoe is up 33% to $28 million.

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