Since reopening from June 4, 2020 the properties have been subject to capacity requirements, which were originally set at 50% for gaming floors, before this was halved to 25% from November 2020. The 50% capacity limit was then reintroduced from March 15 this year.
Slot machines accounted for the vast majority of Nevada’s gaming revenue in March, with their total growing 45.5% month-over-month to US$772.1m.
Table, counter and card game revenue, meanwhile, was up 22.1% to US$294.9m. Among the products offered in this category, blackjack was the main driver of revenue, bringing in US$71.4m, followed by baccarat on US$68.2m.
Sports betting revenue came to US$39.3m for March, a 23.5% increase from February. Based on a 6.14% win percentage, this suggested amounts wagered over the month came to US$640.8m, again a significant month-over-month improvement, from February’s $553.8m in wagers.
This handle also represented a significant improvement from March 2020, when sporting events around the world were suspended as a result of COVID-19. For that month Nevada bettors staked just US$141.2m.
Mobile betting accounted for US$385.1m of Nevada’s handle in March 2021, based on revenue of US$21.5m and a win percentage of 5.58%.
As usual, Clark County, the jurisdiction that includes Las Vegas, accounted for the majority of the state’s gaming revenue. Its total for March came to US$893.2m, a 41.4% improvement on February’s figures.
For Las Vegas itself, the downtown casinos brought in US$71.0m, compared to US$501.5m for the Las Vegas Strip.
The state results come ahead of further relaxing of capacity restrictions, that come into effect on May 1. From that date, casinos will be able to raise their capacity to 80%, and provided there is no surge in cases, will be permitted to go to full capacity from June 1.
Source: iGB North America
