Visitreno

[alison]

Found this online. Interesting to see the breakdown of where the revenue comes from. I knew slots made up a large amount but wow! Stay away from those penny slots!

The Reno-Tahoe area suffered its ninth consecutive monthly slump in the gaming win for March when compared to the same month of 2007, Nevada’s Gaming Control Board reported Friday.


Overall, the state’s gaming win showed a 1.5 percent decline when compared to the same month of 2007, the third consecutive monthly decline statewide.

“It goes back to a soft economy,” Control Board analyst Frank Streshley said. “People are tighter with their money and their spending.”
In Northern Nevada, clubs in Reno were down 3.9 percent while resorts on Lake Tahoe’s south shore were up 54.6 percent. Elko County, in northeastern Nevada, was up 3.2 percent.

The win for the resorts brought the state’s tax take from the clubs to $652.8 million so far this fiscal year. That’s nearly $64.8 million, or nine percent, below the amount predicted last spring by the state’s Economic Forum.

Overall, Nevada casinos took in $1.04 billion in March.
The March win brought the total win for the fiscal year to date to $9.58 billion. That’s about the same as the total for the same period in the previous fiscal year.

Friday’s Gaming Control Board report follows recent reports showing a continuing slump in sales and higher-than-average unemployment in Nevada.

Taxes on casinos and on sales are the two largest revenue sources for state government. The slump in those revenues has been a key part of an analysis that the state will have a revenue shortfall of more than $900 million by mid-2009.

Slots accounted for $725.7 million of the total win in March. That included $326.5 million won by multidenomination slots, up 7.8 percent. Penny slots were second with a win of $162.2 million, up 22.9 percent.
Live games, including poker, accounted for the balance of the March total. That included $109.7 million won on blackjack tables, down 14.8 percent; $41.7 million on craps, up 5.4 percent; and $29.8 million on roulette, down 9.9 percent. The win on baccarat was $35.1 million, down 2.6 percent; and the win on mini-baccarat was $9.5 million, down 31.2 percent. Sports books won $12.8 million in March, up 26.5 percent. Poker games won $13.7 million, down 9.6 percent.

[Mammothgambler]

"Stay away from those penny slots!"

Yup, it's pretty amazing when you read the facts and figures isn't it? I say if you're going to play slots at all, go with the traditional reels. You can always get lucky but I've honestly never won more than $600 at one time on a penny machine!

Mammothgambler