Nevada casinos generated less revenue but posted larger profits in their most recent fiscal year, despite the pandemic’s impact on the final quarter of fiscal 2020.

The Nevada Gaming Control Board’s latest Gaming Abstract for fiscal 2020 show the state’s largest casino operators – those grossing over $1m in annual gaming revenue – generated combined revenue (from all sources) of $18.35b in the 12 months ending June 30, 2020. That’s one-quarter below the $24.55b those same operators reported in fiscal 2019. 

Gaming revenue totaled $6.75b in FY20, down $2b from FY19, although gaming’s share of revenue nudged up 1.1 points to 36.8%. All other revenue sources saw both their share and dollar values decline, with rooms down nearly 27% to $4.72b, food off 25.4% to $3.13b, beverage down 28.3% to $1.49b and ‘other’ falling one-quarter to $2.27b. 

Slots remained the casinos’ chief gaming breadwinner with $6.4b (-21.3%), followed by table games ($2.52b, -24.5%), sports betting ($216.7m, -19.3%), poker ($102m, -39.4%) and racing wagers ($29.7m, -31%). The overall gaming revenue figure was reduced by $2.5b in comps issued by the casinos, although that was down from $3.2b in FY19.