Monthly gaming report: Good January for Lake Tahoe casinos on south shore

Submitted by paula on Fri, 02/28/2020 - 12:14pm

STATELINE, Nev. - Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,038,196,869 for the month of January 2020. This amounts to a 5.48 percent increase compared to January 2019, when licensees reported a gaming win of $984,227,816 according to the monthly report released today by the Nevada Gaming Control Board.

Casinos on the South Shore of Lake Tahoe had a "win" of $20,160,104, up 17.93 percent from January 2019. In December 2019, the South Shore casinos also experienced an increase from the prior year, 8.10 percent.

The "gaming win" represents the computed income of casinos before business expenses and taxes.

The State collected $50,439,646 in percentage fees during the month of January 2020.

Casinos on the South Shore had the biggest gain in the state. Downtown Las Vegas, Wendover and non-Reno/Sparks/North Lake Tahoe casinos in Washoe County all posted double-digit gains.

The rest of Douglas County had a "win" of $8,657,563, a 1.85 percent decline.

North Lake's Tahoe "win" was $1,608,443, down 6.85 percent. The biggest decrease was on the Boulder Strip where their $71,854,302 was down 12.22 percent from the same month in 2019.

The State of Nevada collected $73,049,145 in percentage fees in February.

In the last 12 months, South Shore casinos have reported a win of $67,158,000 on table games, $161,501,000 on slot machines, $2,280,000 on football games and $1,519,000 on basketball games.