Nevada recovers from pandemic damage as March sees $1bn revenue

Nevada recovers from pandemic damage as March sees $1bn revenue

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Category: Blog, Industry News
Posted by: AffPapa
Nevada

Nevada has witnessed an impressive and promising 72% increase year-on-year in its gaming revenue during the month of March, up to a total of $1.06 billion, compared to the $772 million it saw in February.

This recovery, which has been long awaited, has been welcomed by the state as the businesses begin their rebound process a year after the state-wide lockdown that had to be implemented in order to combat the spread of the deadly COVID-19 pandemic. The news also follows on from Governor Steve Sisolak’s announcement of his plan to have all counties in the state to open up to 100% capacity by the 1st of June. The social distancing requirement is also set to be entirely eliminated by the 1st of next month.

It has also been revealed the each separate county within the state of Nevada will be able to make its own decision considering what they feel works best for their own communities as they look into curbing the transmission of the coronavirus, and take into account vaccination levels and other needs such as testing. The state’s Gaming Control Board will also keep on supervising the gaming areas of properties. It has been revealed that casinos in Gardnerville, Carson City, Minden and some parts of Douglas County have brought in a year-on-year rise of over 130% during the month of March.

Another county which had a pretty impressive rebound is Washoe County, which experience a rise of 152%, as Reno also rose by about 163% and Sparks by 137%. Venues in South Shore Lake Tahoe also saw a 166% increase year-on-year, thanks to acquiring $24 million in gaming revenue compared to the mere $9 million back in March of last year. North shore casinos did see the biggest growth though, as they got a rise of 176% year-on-year.