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Nevada Gaming Revenue Pops In December

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Nevada Gaming Revenue Pops In December


The Nevada Gaming Control Board released December revenue numbers this week showing that the state’s casino industry closed out the year in a big way. The month brought total gaming revenue of more than $1.4 billion.

This was a 9% increase from the $1.3 billion in December 2022. For the fiscal year (July 1 through
December 31) gaming revenue increased 5.5%.

Details On The Report

The Nevada numbers are in line with major revenue increases seen in other states in 2023 as well. Clark County, home to Las Vegas, provided the vast majority of the state’s gaming revenue with almost $1.3 billion, an increase of 9.8%.

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The famed Las Vegas Strip saw an even bigger increase, totaling $905.4 million, up 11.2% from $814.2 million in 2022. Sin City was home to numerous major events in December, including Raiders and Golden Knights games as well as several large concerts and holiday events.

In downtown Las Vegas, a busy holiday season yielded some nice results as well. The area brought in revenue of $75.9 million, rising 10.3% from $68.8 million for the same month last year.

Elko County also saw some significant gains, reporting gaming revenue of $35.6 – growth of almost 15% from December 2022. South Lake Tahoe reported revenue of $16.1 million, up 3%, while North Lake Tahoe saw $2.1 million, an increase of 2.6%. Reno didn’t fare as well, dropping 7.2% to $54.9 million.

On the individual gaming front, slot machines led the way statewide with $858 million, rising 6.9% from the same time last year. Table games produced $574.6 million, up 12.5%.

State coffers saw some nice gains as well with $84.9 million paid in gaming fees for December, an increase of 27.3% from $66.7 million in December 2022.

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The monthly revenue report came out a bit late after the Control Board’s website experienced some issues regarding the regulator’s website.

“The Nevada Gaming Control Board (NGCB) became aware earlier this week that its public-facing website had been compromised. The NGCB technology personnel initiated immediate steps to protect the website by taking it offline,” board officials noted on Jan. 25.

Other regions have also experienced major numbers in 2023, including record online gaming revenue totals in Pennsylvania and Michigan.

 

 

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IN RESPONSE: Cortez Masto lands bill would keep the proceeds in Nevada

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IN RESPONSE: Cortez Masto lands bill would keep the proceeds in Nevada


A recent Review-Journal letter to the editor mischaracterized Sen. Catherine Cortez Masto’s Southern Nevada Economic Development and Conservation Act, also known as the Clark County Lands bill. As the former executive director of the Nevada Conservation League, I wholeheartedly support this legislation, so I wanted to set the record straight.

Sen. Cortez Masto has been working on this bill for years in partnership with state and local governments, conservation groups like the NCL and local area tribes. It’s true that the Clark County lands bill would open 25,000 acres to help Las Vegas grow responsibly, while setting aside 2 million acres for conservation. It would also help create more affordable housing throughout the valley while ensuring our treasured public spaces can be preserved for generations to come.

What is not correct is that the money from these land sales would go to the federal government’s coffers. In fact, the opposite is true.

The 1998 Southern Nevada Public Lands Management Act is a landmark bill that identified specific public land for future sale and created a special account ensuring all land sale revenues would come back to Nevada. In accordance with that law 5 percent of revenue from land transfers goes to the state of Nevada for general education purposes, 10 percent goes to the Southern Nevada Water Authority for needed water infrastructure and 85 percent supports conservation and environmental mitigation projects in Southern Nevada. This legislation has provided billions to Clark County and will continue to benefit generations of Southern Nevadans. Sen. Cortez Masto’s lands bill builds upon the act’s success.

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So here’s the good news: All of the money generated from land made available for sale under Sen. Cortez Masto’s bill would be sent to the special account created by the 1998 law. Rather than going to an unaccountable federal government, the proceeds would continue to help kids in Vegas get a better education, bolster outdoor recreation and modernize Southern Nevada’s infrastructure.

I know how important it is that money generated from the sale of public land in Nevada stay in the hands of Nevadans, and so does the senator. That’s why she opposed a Republican effort last year to sell off 200,000 acres of land in Clark County and other areas of the country that would have sent those dollars directly to Washington.

Public land management in Nevada should benefit Nevadans. We should protect sacred cultural sites and beloved recreation spaces, responsibly transfer land for affordable housing when needed and ensure our state has the resources it needs to grow sustainably. I will continue working with Sen. Cortez Masto to advocate for legislation, such as the Clark County lands bill, that puts the needs of Nevadans first.

Paul Selberg writes from Las Vegas.

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Las Vegas High beats Coronado in 5A baseball — PHOTOS

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Las Vegas High beats Coronado in 5A baseball — PHOTOS