LAS VEGAS (KSNV) — Despite a summer slump in tourist numbers, Las Vegas casinos have reported a significant increase in gaming revenue, providing a financial cushion for Nevada.
In August, gaming revenue on the Strip rose by 5.5%, downtown by over 8%, and the Boulder Strip by nearly 10%.
Annmarie Montesano, a resident, stated, ” I can relate to going there and spending hundreds of dollars a night, so yeah.”
Montesano is set to receive a small refund, courtesy of Nevada tax revenue generated by casino earnings. The revenue is accumulated from the money casinos make when visitors lose.
Rocio Rodriguez expressed a desire for these funds to improve road infrastructure.
She says, “Honestly, on roads. Even though there’s construction and cones everywhere, if they can make that progress a little faster, that would be great.”
Brian Gordon, a principal at Applied Analysis, highlighted the importance of strong gaming numbers, saying, “It provides stability for those employees, and it helps offset some of the other challenges that the economy has been experiencing.”
Gaming revenue on the Las Vegas Strip has increased by 5.5%, while downtown has seen a rise of over 8%. The Boulder Strip has experienced an almost 10% increase.
This surge in gaming revenue is proving to be a jackpot for Nevada taxpayers.
State Treasurer Zach Conine emphasized, “We use that money to pay for all sorts of things, right? That’s the money that we use to make sure that schools are properly funded. That’s the money that we’ve used to grow the rainy day fund to more than $1.2 billion, that is money that allows us to continue functioning as a state without having to raise taxes on Nevadans.”
In August, Clark County’s gaming revenue exceeded $1 billion, with approximately 10% contributing to state coffers.
The upcoming F-1 race is expected to attract high-end visitors, further boosting gaming revenue and visitor numbers.
