Nevada casino revenue declines for December

Nevada sportsbooks buoyed by football betting had a good December, but Las Vegas gaming revenue overall took a nosedive as rising coronavirus cases across the country and West Coast curtailed people’s leisure travel.

A report Thursday from the Nevada Gaming Control Board showed the Las Vegas Strip saw gaming revenue drop 50.6% in December. It was down 32.4% in November and 30.2% in October compared to the same months in 2019.

Clark County gaming revenue was down 30.9% in December after decreasing by 20.5% in November after declining by 23.5% in October. Downtown fell 27.9% in December after increasing 1,74% in November with the first full month of the opening of Circa Las Vegas.

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As for the sportsbooks, Michael Lawton, senior research analyst with the Gaming Control Board, said sports pools won $40.6 million in December, up 11.7% or $4.2 million from December 2019. Sports pool handle at $588.4 million was up 3.0% or $17.3 million. Sports pool hold was 6.90% in December versus 6.36% in December 2019.

Sports wagers made with mobile apps won $22.8 million on $352.1 million in wagers with a hold of 6.46%. That write amount accounted for 60.0% of total wagers, Lawton said. Football won $25.9 million, up 9.1% on volumes of $372.1 million, which was down 8.2% from December 2019.

For 2020, the sports pool win of $262.8 million decreased 20.2% from 2019. Sports Pool write was $4.3 billion, a decrease of 18.4% from 2019.

Sports wagers made via mobile apps won $117.6 million on $2.5 billion in handle. These wagers accounted for 57.1% of total sports wagers statewide, Lawton said. In 2020, football win of $127.7 million was up 4.3% on volumes of $1.9 billion, up 2.7% compared to 2019.

Statewide, Nevada’s non restricted gaming licensees reported a total gaming win of $683,733,423 for December 2020. This is a 35.35% decrease compared to December 2019, when licensees reported a gaming win of $1,057,539,090. For the fiscal year (July 1, 2020 through December 31, 2020), gaming win has decreased 24.04% over the same period in 2019.

North Las Vegas fell 33.7% in December after falling 2.1% in November. The Boulder Strip fell 24.6% after being up 18% in November. The balance of the county category, which includes many locals’ casinos, fell 6.2% in December after rising 0.42% in November.

For 2020, Nevada’s non-restricted gaming licensees reported a total gaming win of $7,873,313,471. This amounts to a 34.6% decrease compared to 2019, which increased 1%. Slot win decreased 31.7% in 2020, after increasing 2.9% in 2019.

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