Nevada casinos won $1.14 billion from gamblers in May for a 1.5 percent gain compared with the same month a year ago - and set a record for the win in any single month. The state Gaming Control Board reported Thursday that the win, about $2 million higher than the previous record win for a month that was set in January 2006, occurred despite a slump in baccarat winnings.
"This could have been a little stronger but the casinos took a hit on baccarat," Control Board analyst Frank Streshley said. Craps and roulette were big factors in a gain of 6.5 percent for all live games combined. The win from slot machines was up 2.6 percent in the same period. Gov. Jim Gibbons said that along with the record win for casinos the state saw an increase of 16.4 percent in its percentage fee collections from resorts, which enabled the state to end its fiscal-year collections from the casinos slightly ahead of earlier projections.
The statewide win of $1.14 billion was the amount left in casino coffers after gamblers wagered $14.7 billion during May. That included $11.8 billion bet in slot machine games and the rest on table games. Resorts on the Las Vegas Strip reported a 1.4 percent gain while downtown Las Vegas casinos were up 0.3 percent in May. Increases also were reported in Mesquite, the Boulder Strip, Sparks and Stateline, on Lake Tahoe's south shore.
The state collected $83.3 million in percentage fees based on the May win. That was up 16.4 percent compared with the fees collected for the same month in 2006. Total fiscal- year collections hit $821 million, up 3.4 percent. "Win" is a gross figure, with no operating costs or other expenses deducted. It represents casino revenue only, not hotel, restaurant or bar revenues. A breakdown of the statewide win for May showed that slots accounted for about $762 million of the total. That included $319.2 million won by multidenomination slots, up 3.6 percent. Penny slots were second with a win of $143.6 million, up 31 percent.
Live games, including poker, accounted for the balance of the $1.14 billion May total. That included $134.3 million won on blackjack tables, up 5.1 percent; $40.8 million on craps, up 19.8 percent; and $37.2 million on roulette, up 15.1 percent. The win on baccarat was $71.2 million, down 18.2 percent; and the win on mini-baccarat was $13 million, down about 54 percent. Sports books won $5.8 million in May, up 479 percent. Poker games won $14.1 million, up 6.5 percent.
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