2014 Not The Best Year For Nevada Gambling

Revenues dip compared with 2013

Figures released by Nevada state gambling authorities Friday show that the state's gambling industry won just over $11 billion last year from gamblers, a 1.1 percent decline over full year 2013 that heralds the end of four straight years of year-over-year gains.

During 2013 the Nevada casinos recorded a gambling win of $11.14 billion, and operators are hopeful that improving economic conditions will make this year's decline a temporary blip.

Revenues on the Las Vegas Strip fell 2.1 percent to $6.37 billion in 2014, in contrast to Downtown Vegas where they rose 2.1 percent to $511.4 million.

Sports betting delivered good results during 2014, generating record revenues of $227 million, up 12 percent on the preceding year on handle of $3.9 billion.

Releasing the December 2014 numbers, Nevada gaming officials reported that revenues across the state fell 8 percent to $950.7 million, with the key Las Vegas Strip operations suffering a 16.4 percent dive – its fifth consecutive negative month – at $555.2 million.

Online Casino News Courtesy of Infopowa

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Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

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