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Casino Earnings Down in September | Gaming News

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Casino Earnings Down in September
Gaming News

State gambling regulators say September was another down month for a crucial state index of financial health.

The Nevada Gaming Control Board reported Tuesday that casinos in the state won $911 million from gamblers during the month. That's a nearly 9 percent decrease compared with the same month in 2008.

September became the 21st month in a row of year-over-year declines in casino winnings. Regulators say the state collected $54.3 million in taxes last month based on the September revenues. That's a nearly 14.6 percent decrease from the same month a year ago. Revenue from gambling wagers make up about 30 percent of the state general fund.

Nevada has been particularly hard hit by the recession as gamblers pull back on discretionary spending.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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