NEVADA NUMBERS DOWN FOR EIGHTH MONTH
17 October 2008
Online gambling could be benefitting from punters
under pressure
It appears that the economic crunch continues to
deter gamblers from the expense of trips to land
casinos, with the latest numbers from the Nevada Gaming
Control Board indicating declining gaming revenues for
the eighth straight month.
The figures relate to August 2008 and show that across
the gambling state gaming revenues were $934.1 million,
an 8.1 percent decline compared with the $1.016 billion
recorded for August a year ago. Looking specifically at
the Las Vegas Strip, gaming revenues were $494 million,
a 7.4 percent decline compared with $533.6 million for
the same period a year back.
The Year to Date numbers for the first eight months of
the year show Nevada state gaming revenues down 6.8
percent, the largest decline since the state started
keeping records in 1984. The same period on the Strip
shows a 6.6 decline in gaming revenues compared with YTD
2007 statistics.
The falling revenues have inevitably led to reduced tax
harvests for the authorities. The state collected $54.6
million based the monthly revenue totals, a decrease of
6.2 percent compared with $58.2 million collected in
August 2007.
Gaming revenues fell throughout Clark County in August,
which reported a 9.4 percent decline. Downtown casinos
saw gaming revenues fall 9.5 percent, gaming revenues on
the Boulder Highway were down 22.4 percent and gaming
revenues in North Las Vegas were off 17.8 percent.
Online Casino News courtesy of
InfoPowa
More news here.
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