Second consecutive year of improvement in Nevada gambling revenue

Figures released Tuesday by the Nevada Gaming Control Board show that casinos in Nevada won $11.3 billion from gamblers in 2016, marking a second consecutive year of gambling revenue gains, albeit missing the pre-recession record of $12.8 billion set in 2007.

The state-wide amount that casinos took in was up 1.3 percent year-on-year, with the gains – almost 64 percent of which came from slot machines – recorded at casinos across the state and not driven exclusively by Las Vegas Strip casinos.

“This is what we want to see,” Mike Lawton, senior analyst with the control board, told the Associated Press news agency. “It’s growing again, and it’s widespread.”

Revenue from Las Vegas Strip casinos totalled about $6.3 billion in 2016, an increase of less than 1 percent compared with 2015; downtown Las Vegas revenue was up 4.2 percent at about $565 million, and Reno casinos recorded wins of $596 million – a 4.5 percent y-o-y rise.

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