Our network

Nevada Casino Winnings Jump 14-Percent in February | Business

Title (Max 100 Characters)

Nevada Casino Winnings Jump 14-Percent in February

LAS VEGAS -- Regulators say casinos on the Las Vegas Strip did better in February, pushing gambling winnings up almost 14 percent statewide compared with a dismal month in 2009.

The state Gaming Control Board reported Thursday that Nevada casino win increased to almost $947 million, compared with $831 million in February 2009.

Most of the increase was driven by the Strip, where the casino win figure was up a whopping 33 percent. The board tallied a decline in the rest of Clark County, and modest increases in Washoe and Elko counties.

The state's $47 million share of overall winnings was still down more than 28 percent, compared with the same period a year ago. Analysts were anticipating signs of improvement in February, based on Super Bowl and Chinese New Year events.

The big game packed not only hotel rooms but also sportsbooks and the tables.

"February obviously is a big month for the entire city, but especially for the sportsbook. We had a very intriguing Super Bowl this year with the Colts and the Saints participating and we had a great turn out," said Jay Kornegay with the Hilton Race & Sportsbook.

The average bet during the Super Bowl was more than $100, four times the amount people bet on March Madness games. With many putting their money down on the wrong team this year, sportsbooks walked away with a huge win

"Some of the books took seven digit bets on the Colts money line, so if you were lucky enough to be one of those books, you did very very well," said Kornegay.

The Hilton's sportsbook says the trend is continuing for them. They say thanks to Tiger Woods returning, they are seeing a 50-percent increase in tickets for the Masters.

(The Associated Press contributed to this report.)

The Strip Deals

The Strip Businesses