International edition
April 12, 2021

According to a monthly report from state regulators

Las Vegas casinos still suffer pandemic's effects, other Nevada markets improve

Las Vegas casinos still suffer pandemic's effects, other Nevada markets improve
Board analyst Michael Lawton said so-called “casino win” on the Strip totaled just $321.5 million last month, accounting for 91% of the statewide decrease.
United States | 02/26/2021

House winnings at Strip properties were down almost 44% in January compared with a year ago. That was before the pandemic prompted closures and stopped a stretch of three months when casinos won more than $1 billion; however, northern Nevada and parts of the state that attract local and drive-in gamblers are showing signs of recovery.

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ccording to a report by the Nevada Gaming Control Board, Las Vegas Strip casinos are continuing to suffer the effects of COVID-19 as house winnings were down almost 44% in January compared with a year ago.

That was before the pandemic prompted closures and stopped a stretch of three months when casinos won more than $1 billion, the Associated Press reports.

However, although casinos statewide took in almost $762 million in January, down 26.6% compared with the same month a year ago, northern Nevada and parts of the state that attract local and drive-in gamblers are showing signs of recovery.

Board analyst Michael Lawton said so-called “casino win” on the Strip totaled just $321.5 million last month, accounting for 91% of the statewide decrease.

Lawton called a slump in baccarat play, down 74.3% on the Strip, a significant contributor to statewide results. Other game and table winnings were down 50% compared with January 2020.

Las Vegas resorts rely on air travelers, and McCarran International Airport reported Wednesday that just 1.5 million passengers came and went in January — down nearly 64% from a year ago.

Casinos in Washoe County, including Reno and North Lake Tahoe, and in Elko County reported winnings were up in January compared with a year ago.

"Several markets in the state, primarily in northern Nevada which rely on locals and in drive-in domestic play, are recording increases," Lawton said. He added that those areas also benefited from a calendar that provided two additional weekend days compared with a year ago.

Lawton noted that sports betting statewide was strong, with casino wagering pools winning $52.4 million. That was up 160% from a year ago.

More than half of sports wagers were made on mobile apps, and casinos won $23.1 million on $363.5 million in bets, he said.

Football wagering benefited from an additional week of NFL games in January 2021 compared with 2020.

The state collected $46.3 million in percentage fees based on the January figures, down more than 36% compared with a year ago.

Casino winnings are a key indicator of state fiscal health. Casino taxes are second to sales taxes as a percentage of Nevada’s annual budget. The state has no personal income tax.

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