Nevada continues to show strong signs of post-COVID-19 recovery

Nevada continues to show strong signs of post-COVID-19 recovery

Revenue from Nevada’s casinos surpassed the $1-billion mark in August once again

Nevada has always been known for being a state where gaming revenues are quite extravagant. While it’s true that the Silver State took a big hit after the COVID-19 pandemic arrived, it now appears to be making a strong recovery, and the numbers reported in August are a clear example of that. It was the sixth month in a row that gaming revenues topped $1 billion and analysts say this is thanks to the return of sports and entertainment, even though the entire month was ruled by mandatory masking.

After reporting an all-time high in July, the Las Vegas Strip reported $625.6 million in revenue in August, a 97% increase over August 2020, when casino operations were facing various constraints. Still, the numbers were also higher than those reported in non-pandemic years. According to the Nevada Gaming Control Board (NGCB), August of this year was also 20.2% higher than in 2019, when revenues were $520.7 million and casinos were fully operational.

The NGCB reported a 41.2% increase to $250 million in August for local casinos compared to August 2019, when it was $177.1 million. Many of these gains occurred primarily because slot play has increased significantly by nearly 50% compared to August 2019.

It appears that Nevada is once again proving to be one of the states where gaming revenues are its strongest point. As time goes on, many casinos have been able to regain strength, reporting revenues that are even higher than years when COVID-19 did not even cross our minds.

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