In a rare piece of good news about the Nevada casino industry, May saw a big jump from the same time last year. Nevada casinos had a total gambling win of $984 million in May 2011, which is the largest total win since September 2008. The 16.2% increase from the same month in 2010 is the biggest increase since December 2006, according to the Nevada Gaming Control Board.

The net win is the amount of money from spent wagers the casinos has left after paying out winnings to the players. While all of Nevada’s casino net win is up, it is even better on the Las Vegas Strip. Casinos on the strip had a $580.5 million net win for May, up 29% from May 2010. It is the largest net win for the Strip since January 2008. As a whole, the first 11 months of the fiscal year saw a 2% increase in net win for the whole state and a 5.2% increase for the Vegas Strip.

All of this is a good sign, but the numbers are slightly skewed. First of all, the numbers are up compared to 2010, but that was a down year, when the casino win was down 4.7% from 2009 (also not a great year). According to Mike Lawton, a senior analyst at the Gaming Control Board, there were also two big events that helped bring in more money for the casinos in May. The Manny Pacquiao versus Shane Mosley fight and the May 28 UFC card both helped revitalize casinos winnings, according to Lawton.

Tags: Las Vegas gambling, Nevada gambling

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