Nevada Casino Market’s monthly win plunges to record low of merely $3.6 million in April

Nevada Casino Market’s monthly win plunges to record low of merely $3.6 million in April

Nevada Casino Market’s monthly win plunges to record low of merely $3.6 million in April

As Nevada’s more than four hundred commercial casinos remained closed in order to help curb the deadly corona virus pandemic, the state’s casino market saw its aggregate win in April declining by 99.6 per cent year-on-year to merely $3.6 million.

Casinos across the Silver State were temporarily closed via an order from Nevada Governor Steve Sisolak starting 18th of March. The mandatory shutdown subsequently led the gambling and entertainment facilities to chalk up their lowest collective monthly win since the Nevada Gaming Control Board (NGCB) started keeping records nearly 37 years ago.

According to official data released by the state gaming regulator, casinos in Clark County alone saw their collective win for April declining 99.5 per cent year-on-year to $3.7 million. Those on the Las Vegas Strip suffered a decline of 99.3 per cent in win to just $3.4 million. The figures also showed that there was stunning 99.3 per cent combined decline for casinos in downtown Las Vegas to just $436,207, while casinos in the North Las Vegas area recorded a whopping 99.9 per cent plunge in win to around $2,617.

As brick-and-mortar casinos remained closed due to the governor’s “stay-home” order that was issued to prevent corona virus transmissions from spreading further, the properties tried to generate wins through online services, such as online poker and mobile sports betting. But, online services failed to offset the brunt of the prolonged lockdown and the resulted in huge decline in footfall.

Casinos on Nevada’s Boulder Strip saw their aggregate April win falling 100.07 per cent year-on-year. A decline of more than 100 per cent in aggregate April win created a deficit of $51,314, while casinos in the small city of Mesquite saw their aggregate April win falling by 100.04 per cent to a deficit of $5,277.

Entertainment facilities in the community of Laughlin experienced a fall of more than 100 per cent in their April win to a shortfall of $14,243. In North Lake Tahoe, casinos suffered a deficit of $3,681 as their aggregate win slipped 100.28 per cent.

The released stats indicate that the Silver State has thus far experienced a decline of 11.4 per cent in aggregated gaming win during the ten months from the starting of July to $8.755 billion with the state’s tax authorities collecting 7.85 per cent less gaming tax at merely $598.2 million.