Mon. May 6th, 2024

The COVID-19 induced shut downs on casinos and other non essential businesses wreaked havoc on revenue for casinos.

Though the sports betting operators licensed by the state showed good performance, the overall revenue for Nevada casino gaming took a hit.

The Nevada Gaming Control Board released figures for statewide casino gaming revenue which was under $771.2m in November.

This was a 17.8% decline from figures of last month, that is, October 2020

This was a result of reduced casino capacity which was set at 25%. The restrictions due to corona virus have also been extended to January 15, 2021.

Amidst all this, the sportsbooks registered record high revenues in November. The year-on-year got doubled which was $61.8 million, highest ever.  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.

As per CalvinAyre.com, record football betting handle of $502m led to record football revenue of $55.9m which was due to extra Sunday of NFL action.