CARSON CITY — Nevada gaming revenue took a big tumble in May, shrinking by nearly $100 million from May the previous year to $885 million for a 10.1 percent decline, the state Gaming Control Board reported Thursday.
Michael Lawton, senior research analyst for the Gaming Control Board, cited two primary reasons for the double-digit decline:
- May 2011 was an exceptionally strong month, so the comparison with May 2012 was expected to be a challenge.
- High roller card players on the Las Vegas Strip had exceptionally good luck.
The two factors led to an 18.2 percent revenue decline on the Strip to $475.1 million in May over May 2011.