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Nevada Casinos Win Nearly $915 Million From Gamblers In March

Figure Represents A 7-Percent Increase Compared To Last Year

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Nevada casinos had yet another solid month in terms of gaming revenue. On Friday, state regulators released figures from the month of March.

The report stated: Nevada’s non-restricted gaming licensees reported a total “gaming win” of $914,784,656 for the month of March 2013. This amounts to a 7.04 percent increase compared to March 2012, when licensees reported a gaming win of $854,590,337. For the fiscal year (July 1, 2012 through March 31, 2013), gaming win has increased 2.79 percent.

The State collected $78,338,772 in percentage fees during the month of April 2013, based upon the taxable revenues generated in March 2013. This represents a 9.62 percent (or $6,877,715) increase compared to the prior year’s April.

Online gaming is underway in the Silver State, as that should be another source of gaming revenue for the brick-and-mortar casino companies.

Nevada casinos won $1.073 billion from gamblers in February. That figure, thanks to the Chinese New Year, was the highest since 2007.

Properties took in $909.2 million during the month of January, representing a 12.4 percent decline from the previous year when the state reported gaming revenue of $1.038 billion.

Getting to that $1 billion mark is a big deal for the casinos.

For more news from Nevada, check out its state page.

 
 
Tags: Nevada,   Gambling,   Casinos