Nevada casinos suffer worst gaming revenue year since 1997

Nevada casinos took a gaming revenue gut punch in December 2020, with sportsbooks the only gaming vertical to post year-on-year growth. 

Figures released Thursday by the Nevada Gaming Control Board show the state’s casinos generated combined gaming revenue of $683.7m in December, a 35.3% decline from the same month last year and $87.5m below November 2020’s total. It’s the lowest monthly total the state has endured since August 1997.

The figures were laid low by Gov. Steve Sisolak’s November decision to halve the casinos’ already restricted capacity to just 25% of normal. The fallout was most apparent on the Las Vegas Strip, which saw its December gaming revenue fall by more than one-half to $292m, while Downtown Vegas was down a comparatively mild 28% to $45.5m. 

December’s statewide slots revenue was down more than one-third to $459m, while the ‘table, counter & card games’ segment fell 37% to $224.7m. Every single product in that latter category suffered double-digit declines, led by baccarat ($63.2m, -17%), blackjack ($48.4m, -54.9%), craps ($19.6m, -48.5%) and roulette ($14.8m, -42.4%).