Billion A Month In Nevada Land Gambling
Published: Thursday, May 11, 2006 Online-Casinos.com
BILLION A MONTH IN NEVADA LAND GAMBLING
Nevada land casinos regularly exceed monthly billion dollar benchmark
It's not online gambling, but it still makes for interesting reading - Nevada
land casinos collectively often exceed the billion a month mark according to
figures from the state Gaming Control Board
For the third straight month in 2006 and the seventh time in the past 12 months,
Nevada casinos topped the $1 billion mark in monthly gaming win, says the Board.
The $1.06 billion collected during March was the second- highest total ever,
topped only by the $1.14 billion won in January.
The figure was a 3 percent increase from the $1.03 billion casinos won from
customers in March 2005, the first time casinos ever won more than $1 billion
from gamblers.
Frank Streshley, senior research analyst for the Gaming Control Board, said
the March 2005 total was a 10 percent increase from the year before, making
the 2006 gaming win even more impressive based on the tough comparison.
However, the table game hold percentages at Strip casinos - the money won from
customers versus the actual amount gambled - was less than a year ago. "The
casinos played unlucky compared to last year and the customers played lucky,"
Streshley said.
Brian Gordon, a partner in Applied Analysis, a Las Vegas financial consulting
firm, said the growth in gaming revenue has slowed, which was to be expected.
While 5 to 6 percent year-over-year increases are "respectable," Gordon
said the Strip has experienced double digit increases, including 19 percent
in February.
