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Nevada Gambling News Brief
Movement underway to lower Nevada gambling age to 18
Monday, December 15, 2008 at 12:54:55 PM
Scratch one axiom.
It appears that weathering the tough economy is enough of a gamble for most Americans. Casinos, lottery agencies and racetracks are losing tons of money as gamblers play it safe, laying to rest once and for all the old nostrum that gambling is a recession-proof industry.
The Nevada Gaming Control Board reported last week that revenue at the state's casinos fell by 22 percent in October, compared with the same month last year. It was the 10th straight monthly decline -- and the biggest ever. The story was even worse on the Las Vegas Strip, where the October take was down by 26 percent. The steep downturn has sparked a movement to lower the legal gambling age to 18.
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