Marginal improvement for Nevada gambling in fiscal 2016

The end of June 2016 saw the completion of the Nevada gambling fiscal year, which ended just short of 1 percent up on fiscal 2015 with total revenue of $11.12 billion, according to a report issued Friday by the Nevada Gaming Control Board.

Although a slight improvement, the total is substantially lower than fiscal 2007, when Nevada gambling revenues were at their peak at $12.5 billion.

But, as the Las Vegas Review Journal pointed out: “Although the Nevada gain was small it looks good compared to Macau, which saw a 22.5 percent decline in win over the same 12-month period.”

Michael Lawton, senior research analyst for the NGBC, said 12 of the 14 Nevada markets tracked by the state saw gains in 2016 over 2015.

“From the perspective of the entire state, that shows you the growth is widespread,” he said.

The last month of fiscal 2016 produced overall revenue of $887.4 million – up 6.8 percent compared with June 2015, with operators on The Strip in Las Vegas the stars for the month delivering a year-on-year 9.7 percent rise in revenue to almost $490 million.

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