LAS VEGAS – For two months in a row, the COVID-19 shutdown devastated Nevada casino revenues.
Nevada Gaming Control Board data released Tuesday revealed some gambling markets even paid out more than they raked in.
Here’s a dollars-and-cents look at what happened when the pandemic froze Nevada’s central economic engine for an entire month.
Revenues remain ravaged
The Silver State’s statewide total win of $5.8 million in May 2020 represents a year-over-year drop of 99.41%.
That’s an improvement following an April that generated $3.6 million, but last month’s total is a far cry from last May, when casinos took in $981,766,859.
Las Vegas casinos pulled in $3,769,618 – a 99.27% dive from last year’s $517,347,625.
Other parts of the state fared worse.
Reno casinos paid out $84,460. Last May, they won $55,115,773.
For the entire year, Nevada’s gambling revenue is down 45.2% statewide and 44.8% on the Las Vegas Strip.
But if casinos were closed for the entire month, where did revenue come from?
“Mobile sports wagering and interactive poker,” Nevada Gaming Control analyst Michael Lawton said.
Here’s a look at the entire state:
Las Vegas visitation plummets
Visitor volume plunged 95.5% year-over-year in May, according to data released Tuesday by the Las Vegas Convention and Visitors Authority.
In May 2019, 3.7 million people visited Las Vegas. This May, 151,300 showed up.
Total occupancy of Las Vegas’ 148,755 available rooms dropped from 91% percent filled to just 2.8% – a decline of 88%.
The average daily room rate decreased from $140.52 to $60.70 year-over-year.
Revenue per available room dropped from $127.59 to $1.70.
Like April, May saw no measurable convention attendance.
An empty Las Vegas airport
May air traffic at McCarran International Airport dropped 91.5% year-over-year.
Passenger volume totaled just 391,712, according to data released by the airport Monday.
That’s an increase from the 152,716 passengers tallied in April but not even close to last May, when 4,584,506 passengers flew through the southern Nevada airport.
Domestic flight volume was off 90.7%, while international flight volume fell 100% — from 337,182 in May 2019 to zero passengers this May.
Nevada’s casinos reopened June 4 under new restrictions, including reduced occupancy, more space between gamblers and severely curtailed limits for meeting and convention spaces.
Ed Komenda writes about Las Vegas for the Reno Gazette Journal and USA Today Network. Do you care about democracy? Then support local journalism by subscribing to the Reno Gazette Journal right here.