Nevada casino gaming revenue took a major hit in November, despite a record performance by the state’s licensed sports betting operators.
Figures released Tuesday by the Nevada Gaming Control Board show statewide casino gaming revenue of just under $771.2m in November, a nearly 17.8% decline from the same month last year and around $50m below October 2020’s result.
The decline was largely expected, following Gov. Steve Sisolak’s late-November decision to halve casinos’ already limited capacity to 25% of normal. With the state’s COVID-19 infection rate showing no sign of slowing, Sisolak announced earlier this month that he was extending this restriction at least through January 15.
The impact was felt most directly on the Las Vegas Strip, which saw its November gaming revenue slide nearly one-third year-on-year to $349.8m. Most other regions also reported negative growth, although Downtown Las Vegas – which is far less reliant on out-of-state customers and also benefited from the first full month of the new Circa property – gained 1.7% to $53m.