Nevada casinos won US$ 11.1 billion from pro and amateur gamblers previous year, which is an increase of 0.9%compared to the last year, as per new figures unveiled on Friday by the gaming regulators. Las Vegas Strip gaming win accounted for US$ 6.35 billion of that figure, down 0.4% compared to the year 2014. The figure showing that gaming win was primarily flat is not a surprise.
In the last FY, top grossing casinos of Nevada had revenue of around US$ 24.6 billion, the most since the US$ 25 billion seen in the year 2008. Gaming revenue across the state during fiscal year 2015 was US$10.6 billion, or 43.2% of total revenue.
As per to research conducted by University of Nevada Las Vegas, this is a historic low. Thirty years ago, gaming win represented round 62% of total casino revenue in the FY. On the Las Vegas Strip, gaming victory was only 34.9% of the total revenue of US$ 16.74 billion, also an all-time low. This means that other revenue sources, such as food, hotel rooms, beverages, retail and entertainment are at historic highs in Silver State.
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