LAS VEGAS (KLAS) — Nevada gaming properties have made small gains in recovering gaming wins since the COVID-19 closures in March.
According to the Nevada Gaming Control Board, Nevada’s gaming win for October was down 19.5% which has been the best month since prior to the closures.
Clark County saw a slightly higher 23.6% decrease with $671.4 million in revenue. However the Las Vegas Strip took the biggest monthly hit with a $375.7 million gaming win which was a 30.2% decrease when compared to October 2019.
Downtown Las Vegas gaming properties experienced a 22.7% decrease in gaming wins. North Las Vegas recorded a nearly 27% decrease.
Gaming establishments reported a gaming win of $822 million in October 2020 compared to $1 billion one year earlier. A state directive closed casinos in Mid-March due to the coronavirus pandemic and were not allowed to reopen until June 4.
STATE GAMING WINS: Comparing 2020 to 2019
- March 2020 – gaming win down 39.6% (Gaming properties closed on March 17)
- April 2020 – gaming win down 99.6% (First full month of closures)
- May 2020 – gaming win down 99.4% (Second full month of closures)
- June 2020 – gaming win down 45.5% (Gaming properties were allowed to reopen on June 4)
- July 2020 – gaming win down 26.1% (July was the first full month of operation)
- August 2020 – gaming win down 22% (August was second full month of operation)
- September 2020 — gaming win down 22.4% (September was the third full month of operation)
- October 2020 — gaming win down 19.5% (October was the fourth full month of operation)
In addition, the October gaming tax collected for the state was nearly $50.5 million for the new fiscal year, up 15% from the previous year.