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Nevada casinos’ haul in $1 [...]

Nevada casinos’ haul in $1 billion revenue for April 2021

Nevada’s glittering casinos, long the bellwether of the industry’s well-being, are roaring back to life after a year of pandemic-related shutdowns and capacity limits. According to the latest report from the Nevada Gaming Control Board, gambling operators brought in slightly more than $1 billion in revenue for April 2021. That’s a huge leap forward for the state’s battered land-based casinos.

April 2021′s billion plus haul was the second time this year that the Silver State gambling business has topped $1 billion in a single month. March 2021 was the last time it happened, but that kind of action hasn’t been seen on the Vegas Strip since February 2020. Comparisons to last year’s numbers are both not available and not relevant, since the entire Nevada gaming business was shut down completely last year at this time.

Leading the charge towards casino recovery was a very impressive performance from Nevada’s endless rows of slot machines. Slot accounted for a full $793.7 million in revenue for the month. That number is based on $11 billion worth of stakes and represents a 2.8 increase over March 2021 play.

Table games brought in $245.8 million in revenue and were down slightly from the previous month. Blackjack led the tables games with $70.2 million in revenue with roulette grabbing second place with $32.4 million in revenue, its strongest month since September 2020.

Commenting in the Nevada Independent, Red Rock Resorts Chief Financial Officer Stephen Cootey pointed to a wave of positive trends leading the recovery saying, “We continue to see strong visitation from a younger demographic, increased spend per visit, more time spent on devices, plus the growing return of our core customer.”

Industry watchers expect more growth from Nevada casinos as Americans attempt to return to their pre-pandemic lives over the course of the summer.

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