Q:
Love
LVA and "Question of the Day." I read them every day. Quick question: In the monthly newsletter, you always give the "gambling win." For example the win/loss is up/down in Nevada, the Strip, Boulder Highway, etc. Is this "gambling win" the gross win by the casinos, the net win (wins minus losses), gross profit (net win minus other expenses), the drop, etc.? Should be an interesting answer. Just wondering.
A:
It's a short answer, that's for sure! The Nevada Gaming Control Board reports monthly on the statewide gaming win, which is the gross income from gambling, computed before expenses and taxes.
The latest figures to be released are from April, when Nevada casinos registered a win of $855.7 million, a gain of 6.1 percent on the same month the previous year. The Strip win was up 7.4 percent, wtih a 12 percent jump for slots, while downtown experienced a whopping 25 percent gambling-win leap. It was sixth month out of the last seven that the Strip reported an increased win; in March of this year, winnings dropped 14.9 percent compared to the same month in 2011.
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