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Nevada gambling revenue jumps 14 percent in June

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LAS VEGAS (AP) — Nevada casino revenue shot up more than 14 percent in June, thanks to a banner month on the Las Vegas Strip and continued growth in baccarat, according to a report released Friday.

The month wrapped up a fourth straight fiscal year of gambling revenue growth as Nevada bounces back from a three-year streak of recession declines, the Nevada Gaming Control Board reported. Even though revenue was up 2.9 percent in the fiscal year that ended in June, the state remains down 11.9 percent from its peak in fiscal year 2007.

Nevada casinos brought in about $907 million last month, a number that looked better because it was compared to a relatively weak June 2013. Las Vegas Strip casinos pulled in $532 million in June, up more than 22 percent from the same month a year ago, while downtown Las Vegas casino revenues of $41 million were up 12 percent.

Reno casino revenues of $48 million were down 3 percent compared with June 2013, while South Lake Tahoe casinos brought in $12 million and were down 2 percent.

The state collected $44 million in taxes based on the June winnings, which is up less that 1 percent compared with a year earlier.

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