Nevada gaming revenue struggles in May

Gaming revenues in Nevada for May were predictably sluggish, given the state’s casinos were closed due to the coronavirus pandemic.

According to figures released Tuesday by the Nevada Gaming Control Board, just $5.8 million in gaming revenue was generated in May, a decline of 99.4% from the same time period in 2019. In May 2019, the casinos collected nearly $982 million in winnings.

The total gaming revenue consisted of funds from Internet poker and mobile sports wagering. Casinos, which closed on March 18 as COVID-19 began to spread, accounted for zero revenues for the second straight month. Five reporting markets – including Reno and Laughlin – actually reported negative figures.

In other markets, downtown Las Vegas revenues fell 96.45% to just $1.9 million while South Lake Tahoe casinos collected just $17,457 in gaming revenue, a decline of 99.9%.

Of the $5.8 million won, the Las Vegas Strip accounted for almost $3.8 million of the total. That was a decline of 99.3% compared to $517.3 million in revenue last May.

The state allowed casinos to reopen Jun 4, but under strict health and safety protocols. Last week, masks were mandatory for anyone, both customers and employees, who entered a casino.

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