Across the Nevada economy, the majority of key indicators reported sustained and steady growth through 2015 and into 2016. During that period, employment, wages, taxable retail sales and other important metrics experienced some of the best stretches of annual growth since the recession. One exception has been gaming revenue, which has remained stagnant for a year and a half.

Since November 2014, trailing 12-month growth rates in statewide gross gaming revenue have not exceeded 0.9 percent or dropped by more than 1.7 percent. In the most recent figures, gaming revenue in February 2016 reached $11.2 billion for the prior 12 months, the highest level since August 2014 and a modest 0.8-percent improvement compared to a year earlier. The statewide trend is heavily influenced by gaming on the Las Vegas Strip, where more than half of Nevada’s gaming revenue is generated. In February 2016, trailing 12-month gaming revenue on the Strip dropped 1.3 percent from the prior year to $6.3 billion. That marked the 12th consecutive month of year-over-year decline.

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