Gaming revenues in Nevada continued to slump throughout the month of May, according to data released by the state's Gaming Control Board.
Statewide, casinos earned $969.94 million in gaming revenue in May, a 15.2 percent decline compared to the same period a year ago. Gaming revenue from casinos on the Las Vegas Strip felt a 16.4 percent decrease in gaming revenue to $513.45 million.
Andrew Zarnett, an analyst at Deutsche Bank, told NJ.com that the Strip may experience its worst year-on-year decline ever.
"I think that the consumer is tapped out," Zarnett said. "And while they would still like to spend, they understand the reality of the current situation-- higher energy prices, higher food prices, job uncertainty, low consumer confidence."