Nevada Casinos Post 11.5% Revenue Increase For August 2010

The state of Nevada received some much needed news on Friday after the Gaming Control Board released their figures showing a 11.5% rise in casino revenue for the month of August.
Nevada had been experiencing a steady decline in its revenue since Macau took over the mantle of ‘World’s biggest gambling resort’ in 2007. Since then Nevada has only reported a monthly increase in year on year results in November 2009 (4.4%) and February 2010 (13%) but now August’s results add hope that a recovery might be closer than previously thought.
The 11.5% rise in gambling revenue for August to $944 million was greeted with much enthusiasm by both state officials and residents alike, with local business women Maryann Levitt commenting:
“It has been a long, tough road over the past couple of years, and the casinos have suffered greatly. I have friends that lost their jobs because of the slow down at the casino. Hopefully now the casinos will again start hiring some of the people they laid off.”
In Nevada the Las Vegas Strip accounts for almost half of all state casino revenue and despite the optimistic figures for August the strip helped to significantly prop up the overall figures with a 21% leap in its revenue to $544.4 million.
The rest of the state’s results were a lot less impressive with either small gains or losses being reported.
Carson Valley region was up 7.7%, South Lake Tahoe was up 7.2% to $23.5 million, and Clark County was up by 1.4%. Meanwhile, revenue for Downtown Las Vegas was down 1.4% to $41.4 million, northern Nevada’s Washoe County was down 3.1% to $71.6 million, and Elko County fell by 1.9%.
Nevada relies heavily on revenue from gambling whose taxes provide over 30% of the state’s budget. As a result of August’s overall positive results, $61.8 million in taxes was collected statewide representing a 24.4% increase compared to the August 2009 figure of $49.6 million.

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this
Maryland Casino Revenue Up 6% to $143m in April
11 May 2018
Maryland’s six casinos generated gross gaming revenue (GGR) of $143.5 million in April, marking a 5.7% increase compared to the $135.7 million collected in the same month a year ago. As a result, the Free State has now returned four consecutive months of gains this year, providing much needed assistance to the Education Trust Fund,