Nevada casino gaming revenue tumbles by two-fifths in March

Nevada casino gaming revenue tumbled in March after the governor ordered the closure of non-essential businesses to limit further spread of the COVID-19 pandemic.

Figures released Wednesday by the Nevada Gaming Control Board show statewide gaming revenue of $618.1m, a 39.6% decline from the same month last year and a slightly larger decline from February 2020’s result. For the fiscal year-to-date, revenue is down 2.2% to $8.75b.

Predictably, the decline was most evident on the Las Vegas Strip, where casinos reported revenue falling 45.7% to just under $300m, while Downtown Vegas dipped only 26% to $43.4m.

March slots revenue fell 30.6% to $468.7m, while the ‘table, counter & card games’ category took a harder hit, falling 57% to $149.4m. Blackjack won the table crown despite revenue falling 59.2% to $44.2m, barely edging out baccarat ($43m, -19.7%). Craps ($14.4m, -58.6%), roulette ($13.5m, -67.6%) and poker ($6.5m, -39.4%) rounded out the table top-five.