Nevada Reports Landmark Winning Streak
Posted on April 5th, 2018 at 12:04pm
Gaming Win A HootDuring the financial period that ran from July 2017 up until February 2018, Nevada’s “gaming win” tallied it up at a staggering $7.9 billion, which is a 2.3 increase from the $7.7 billion that was officially recorded during the same period running from 2016 to 2017. The Las Vegas Strip has seemingly also recovered from the decline that it had experienced as a result of the October shooting, and has reported gaming wins of approximately $603 million for the month of February, which is also a steady 11.37% up since February 2017. Much of February’s massive winning tally can be ascribed to a massive Baccarat win that was recorded on the Strip. According to analysts, a large contributing factor responsible for the steep increase is the fact that the Chinese New Year occurred during the month of February, as opposed to 2017 when it took place in January.
Tax No Small ChangeSportsbooks performed poorer overall compared to the same time last year, with revenue down by 48% to $10.7 million. However, February is still the 55th month in a string of winning months since July of 2013, which was the last time that a losing month occurred. Football betting arguably took the biggest knock of them all, showing a steady annual decline of almost 136.35%. Basketball wagering performed slightly more positive, having shown an increase of 0.68% all the way up to $11.6 million. Revenue from slots and table games showed a total increase, but several table games reported a drop in business, most notably Blackjack, Craps, and Roulette. The gaming regulator confirmed that the state collected close to $44.2 million in tax income gleaned from Nevada’s gaming power-world. Source: https://calvinayre.com/2018/03/29/casino/nevada-casinos-continue-winning-streak-february/
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