Closed Casinos Yielded Near-Zero Nevada Tax Revenue in May

LAS VEGAS, NEVADA – MARCH 17: A sign at an entrance at the New York-New York Hotel & Casino displays a message after the Las Vegas Strip resort was closed as the coronavirus continues to spread across the United States on March 17, 2020 in Las Vegas, Nevada. MGM Resorts International, which owns the New York-New York, suspended operations at all of its Las Vegas properties until further notice to combat the spread of the virus. The World Health Organization declared the coronavirus (COVID-19) a global pandemic on March 11th. (Photo by Ethan Miller/Getty Images)

Casinos that were closed through May due to the coronavirus pandemic yielded nearly no tax revenue for Nevada. That’s according to a monthly Gaming Control Board report posted Tuesday. Gambling establishments statewide reported a 99.4% decrease in house winnings compared with the same month a year ago. A small amount of revenue came from mobile sports betting and interactive poker. The state collected just $56,000 in taxes based on May revenues, down 99.9% from a year ago. Casinos were allowed to reopen June 4 after being closed in mid-March to prevent people from gathering and spreading the COVID-19 illness.

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