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Nevada Gaming Revenues Suffer Biggest Percentage Drop | Gaming News

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Nevada Gaming Revenues Suffer Biggest Percentage Drop
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CARSON CITY, Nev. -- Nevada casino revenues plunged 10.4 percent in the 2009 calendar year, when casinos reported a total gambling win of $10.4 billion.

A report by the Nevada Gaming Control Board released Thursday shows last year's steep decline followed a 9.7 percent drop in 2008.

For December, casinos statewide reported a win of $859.3 million, down 3.2 percent from the same month a year ago. The state collected $33.4 million in taxes, down 6.7 percent.

Taxes paid by casinos make up about a third of the state's general fund. Nevada's gambling industry has been especially hard hit in the recession as tourists and residents keep a tighter hold on discretionary spending that historically fueled the state's economy.

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

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