Nevada Gaming Revenues Shrink 2%

The state of Nevada has released its April 2016 gaming numbers, revealing that revenues were down 2% when compared to the same period in 2015.

For the month Nevada's casinos brought in $876 million, which was down 2% from last year. The Las Vegas Strip saw its revenues fall 2% to $491 million, while Downtown Las Vegas revenues were down 13% at $43 million.

Slot revenues were down 5% last month, although the amounts wagered was up 4% to $9.1 billion. Despite that huge amount, the casinos only had a win margin of 6.2%, which is lower than normal. Baccarat numbers were up though, bringing in $105 million in revenues for the month. Online poker revenues are not accounted for in the report.

The state's tax haul was $44 million for the month, down 18% when compared to April of last year.

The lower numbers are a surprise, as the state saw a Manny Pacquiao fight as well as concerts from Billy Joel and Rhianna, all of which brought in large numbers of visitors.