December 29, 2020 Casino, Land-Based

Bleak November for Nevada casinos

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Last month’s gaming win was down 18% from November 2019 as pandemic limits visitors.

The gaming win for Nevada casinos was $771m in November 2020, which regulators said was down from the same month one year earlier, as well as a drop from the previous month.

According to the Nevada Gaming Control Board, in October 2020, Nevada reported nearly $823m in gaming revenue. In November 2019, the figure was $937m.

On Tuesday, the GCB said casinos on the Las Vegas Strip experienced the largest decline in November 2020, as their win of close to $350m was down more than 32% compared to $518m in November 2019.

Downtown Las Vegas brought in gaming revenue of nearly $53m last month, which was an increase of 1.7% over November 2019.

Lower revenue at the casinos meant fewer taxes for the state. Officials for the GCB said they collected $49.9m in percentage fees in November 2020, down 16% from the $59.4m in taxes collected in the same month one year earlier.

Earlier this week, Las Vegas’ McCarran International Airport reported just 1.8m passengers in November, a drop of 2.4m people from the same month in 2019, or 56%.

November 2020 passenger traffic was down by nearly 200,000 passengers from October.

International passenger traffic was down 94% last month to just 19,603. In November 2019, that figure was 305,000.

In total, some 20m passengers have flown into McCarran through the first 11 months of 2020, down from 47m over the same period a year ago.

In addition to fewer visitors by air, in November, the state government reduced the maximum occupancy on casino floors and other gaming areas to 25%.

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