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November 28, 2014

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Nevada gambling revenue jumps 14 percent in June

Updated Friday, July 25, 2014 | 10:16 a.m.

Nevada officials say casino revenues shot up more than 14 percent in June thanks to a banner month on the Las Vegas Strip.

The state Gaming Control Board reported Friday that Nevada casinos brought in about $907 million in June.

Las Vegas Strip casinos pulled in $532 million in June, up more than 22 percent from the same month a year ago. Downtown Las Vegas casino revenues of $41 million were up 12 percent.

Michael Lawton, senior research analyst for the board, said the baccarat win climbed to $132.8 million, up 154.9 percent compared to the same month a year ago. The baccarat win was a record for the month of June.

World Cup betting brought in $5.9 million, an all-time high for the event.

The slot win on the Las Vegas Strip rose by 8.9 percent, its biggest gain in more than a year, reversing two consecutive months of declining slot win.

Reno casino revenues of $48 million were down 3 percent compared with June 2013, while South Lake Tahoe casinos brought in $12 million and were down 2 percent.

The state collected $44 million in taxes based on the June winnings, which is up less that 1 percent compared with a year earlier.

Las Vegas Sun reporter Cy Ryan and the Associated Press contributed to this report.

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