2014 Casino Revenues Drop in Nevada
Saturday January 31,2015 : 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.
