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Nevada Casino Winnings Continue Slide in July

CARSON CITY, Nev.  -- Regulators say monthly casino winnings in Nevada continued to slide in July, dropping 4.9 percent.

The state Gaming Control Board reported Friday that casinos won almost $830 million in the first month of the new fiscal year, down from almost $873 million in July 2009.

Tax collections based on those winnings totaled almost $50 million. That was up from $43 million in June, but down a whopping 13 percent compared with the same period in 2009.

Casino revenues are a key economic indicator in Nevada, which which leads the nation in unemployment, foreclosures and bankruptcy rates.

Casinos throughout the state reported decreases in the amount they took in after gamblers' wagers and winnings. Las Vegas Strip casino winnings were flat, but represented more than half of the state total.

(Copyright 2010 by The Associated Press. All Rights Reserved.)