Nevada gaming: South Shore Lake Tahoe win up 8%, statewide down over 7%
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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,220,869,734 for the month of November 2022, according to the Nevada Gaming Control Board's monthly report released today. This amounts to a 7.62 percent decrease compared to November 2021, when licensees reported a gaming win of $1,321,592,551. For the fiscal year (July 1, 2022 through October 31, 2022), the gaming win has barely increased, up by .76 percent.
The "gaming win" represents the computed income of casinos before business expenses and taxes.
For Lake Tahoe's south shore, the "win" revenue was $19,658,939, an 8.24 percent increase over November 2021. For their fiscal year, revenue win is up by 33.25 percent when compared to the previous period. The South Shore fiscal year-to-date is 127,560,746.
On the south shore, $4,303,000 came from table games and $15,356,000 from slots.
Carson Valley area casinos reported a $10,138,125 gaming win, down 9.42 percent. On the North Shore, the reported gaming win of $1,785,545 was down 7.02 percent. The Tahoe Biltmore closed in April.
Casinos in Reno, Sparks, and other areas of Washoe County mostly saw gaming-related revenue in the negative, with Sparks the only one in the positive, up 7.99 percent, Reno, down 6.67 percent, and the county as a whole, down 4.09 percent.
Year-to-date, Nevada has collected $484,118,070 in percentage fee collections.
