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Bet-hedging leads to 5.4 percent drop in casino wins

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CARSON CITY, Nev. (AP) -- Gamblers worried about the economy hedged their bets in Nevada casinos during September and left the clubs with a 5.4 percent slump in winnings.

The state Gaming Control Board says that while the resorts won $1 billion during the month, the 5.4 percent decline marked the ninth straight month of slumps compared with the same month a year earlier. Most major markets were down.

Control Board analyst Frank Streshley says big factors in September that lowered the gambling activity were concerns over the massive federal bailout of the nation's financial system and sharp declines in the stock market.

Also, there were no major special events to draw more tourists into the state.

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Major details:

--STATEWIDE: $1 billion, down 5.4 percent.

--LAS VEGAS STRIP: $525.2 million, down 5.2 percent.

--DOWNTOWN LAS VEGAS: $49 million, down 8.2 percent.

--NORTH LAS VEGAS: $26.1 million, up 11.2 percent.

--LAUGHLIN: $44.5 million, down 6.9 percent.

--BOULDER STRIP: $87.6 million, up 13.9 percent.

--RENO: $55.4 million, down 21.1 percent.

--SPARKS: $12.7 million, down 18.7 percent.

--STATELINE: $24.5 million, down 16.8 percent.

--ELKO COUNTY: $24 million, down 12.6 percent.

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