Nevada Gaming Revenue Increases for Second Straight Year in 2011

Posted by Lasse Hamar 12/02/12

Silver State Casinos Took in $10.7 Billion in Gaming Revenue

 

The Las Vegas Review-Journal reported Thursday that Nevada casinos recorded their second consecutive year where gaming revenue increased.

Brick-and-mortars took in $10.7 billion in 2011 — marking a 2.8 percent increase over 2010 and the highest annual jump since 2007.

Strip casinos saw their gaming revenues increase by 5.1 percent over 2010 — taking in $6.068 billion.

Last week, the Associated Press reported that a group in Nevada is looking to raise the 6.75 tax on gaming.

Despite the increase in gaming revenue, Nevada casinos had expenses trump income by nearly $4 billion in fiscal year 2011.

While the Silver State’s brick-and-mortar industry appears to be turning around in some capacity, an intrastate online poker industry is on the horizon.

From Cardplayer

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