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State regulators say that gambling revenue at Nevada casino’s rose in November for the first time in almost two years.
November wagers profited the states’ casinos with a combined total of $873.2 million.
In a report released by the Nevada Gaming Control Board, after 22 months of declines November 2009 resulted in a 4% rise in year-over-year revenue.
Revenues this fiscal year, from July through November, were down 7.9% from a year earlier.
The state collected $57 million in revenue from casino winnings; this figure is up 28.3% from the $44.4 million collected in December 2008.
Taxes on casino winnings comprise approximately 30% of the states general fund.
State revenues collected in December based on the winnings topped $57 million, up 28.3 percent from $44.4 million in December 2008.
Taxes paid on casino winnings account for about 30 percent of the state general fund.
Regulators say that the increase suggested that Las Vegas may be experiencing early signs of what will potentially be a slow economic recovery.
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