Nevada Gambling Revenues Plunge in February 2014`

Friday March 28,2014 :  NEVADA REVENUES PLUNGE IN FEBRUARY
 
14 percent down overall, 20 percent decline on the Strip.
 
The latest statistics from the Nevada Gaming Control Board do not make for happy reading, gambling revenues plunged 14 percent in February, with the Las Vegas Strip revenues diving 20 percent.
 
The Silver State's land casinos won $926 million in February, down from more than $1 billion in the same period last year. The decline was most keenly felt in Las Vegas, where revenues on the Strip tumbled over 30 percent year-on-year to $556 million.
 
Bringing some cheer to a generally gloomy picture, Downtown Las Vegas operations recorded a 3 percent rise in revenues to $43 million.
 
Reno casinos recorded negligible revenue increases at just less than 1 percent to $44 million, while South Lake Tahoe casino winnings dropped almost 10 percent to $15 million.
 
Nevada's state government coffers collected almost $59 million in taxes on the February gambling revenue – down about 5 percent from the same time a year ago.