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Nevada revenue dips in June despite casinos returning to full capacity

News

Gaming revenue in Nevada fell 3.3% month-on-month in June despite land-based casinos across the US state returning to full capacity following the easing of novel coronavirus (Covid-19) restrictions.

Total gaming revenue for the month amounted to $1.19bn, down from $1.23bn in May this year, but 110.5% higher than June last year when casinos were severely restricted by Covid-19 measures following their reopening at the start of the month.

Casinos were permitted to return to full capacity from June 1, while social distancing rules were also relaxed as the state’s government relaxed certain restrictions.

Figures published by the Nevada Gaming Control Board showed Clark County, home to Las Vegas, was responsible for $1.02bn of all revenue for the month, while revenue from the Las Vegas Strip amounted to $610.6m in June.

The majority of revenue in June came from slot machines, with revenue here amounting to $868.1m, up 3.2% from $868.1m in the previous month as casinos benefitted from the easing of Covid-19 rules.

However, table, counter and card games revenue reached $325.3m, which was 16.4% down from $389.2m in May.

Sports betting, included within that segment, saw revenue increase 7.8% month-on-month to $29.2m, with $14.7m of this generated via mobile devices.

Basketball remained by far the most popular sport among players, accounting for $19.8m of total sports betting revenue for the month, up 73.7% from May.

This week, it was announced that consumers in Las Vegas will once again have to wear face masks when gambling at land-based casinos after Nevada’s government reintroduced certain restrictions and measures related to the pandemic.

Emergency Directive 047 sets out how from 12:01am on July 30, staff, patrons and guests inside public indoor settings in casinos across 12 of Nevada’s counties will be required to wear face masks.