Douglas merchants post a good July
Merchants saw their taxable sales shoot up by 10 percent to open the fiscal year in Douglas County.
According to figures released Monday by the Nevada Department of Taxation, merchants sold $68.75 million during the month, up from $62.5 million for July last year.
The county’s largest sector, food service and drinking places didn’t contribute to the jump, posting a 1.4 percent decline. Raised largely in Stateline, businesses sold $18.55 million in meals and cocktails during the month, down from $18.8 million the year before. Stateline gaming revenues were down 14.76 percent in July compared to the same month in 2016.
General merchandise stores were up 6.8 percent to $8.9 million. Last Monday was the 20th birthday of Douglas County Redevelopment Area No. 1, which brought Target and one of the county’s two Walmarts.
Food and beverage stores brought in $4.1 million, up 5.2 percent from last year, while building material and garden equipment was up 23.9 percent to $3.7 million.
Merchant wholesalers of durable goods were down 7.4 percent in July, bringing in $3.57 million.
Douglas brought in $1.07 million in sales taxes as a result, short of the $1.2 million it receives from the state as a guaranteed county. Nevada’s eight guaranteed counties receive the same amount each month from counties like Clark, Washoe and Carson City, which collect enough sales tax to support themselves. During the month, Clark County merchants were up 2.3 percent, selling $3.3 billion in taxable goods, more than the entire rest of the state. Washoe County merchants brought in $698 million.
While not making up for a moribund July, the Stateline casinos picked up a little ground in August.
According to figures released Friday by the Nevada Gaming Control Board, the main source of Douglas County’s gambling revenue was up 7 percent over the same month in 2016.
Stateline casinos raked in $25.5 million, up from $23.9 million.
That still doesn’t put Stateline in the black for this year compared to last. With two months in the fiscal year, the casinos are down 4.73 percent at $49.4 million.
Meanwhile, casinos in the East Fork Township and Carson City are up 9 percent compared to August 2016 with $9.4 million. So far casinos in the two jurisdictions, which are counted together by the state, have brought in $18.9 million this fiscal year, up 8.5 percent.