Revenue in Nevada down by 25.9% year-on-year

Revenue in Nevada down by 25.9% year-on-year

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Category: Blog, Industry News
Posted by: AffPapa
LasVegas

In the month of February, revenue from gaming in the state of Nevada amounted to $772.4 million, which is the highest it has been since last October, however it still is a 25.9% decrease year-on-year since it has been decreasing during the entirety of the COVID-19 pandemic.

Dividing the revenue into categories, slots made up $530.8 million of this amount, which is an 18.2% decrease from February of 2020, since players staked $8.15 billion. Multi-denomination slots were also the most popular type of slot, making up $250.3 million of that amount, with stakes of $4.67 billion. 

Penny slots were the second most popular form of slots, bringing in $221.6 million, a 20.5% decrease with stakes amounting to $2.41 billion. Dollar slots made up $33.3 million, a 36.5% drop and 25 cent slots bought in $11.9 million, a whopping 41.8% decrease. Aside from that, table games brought in $241.6 million, making up a nearly 39% decrease from the previous year. It saw a slight improvement from the previous month.

The most popular table game ended up being Twenty one, bringing in about $68.1 million in revenue, a 34.7% decrease from 2020, with stakes of $503.3 million. The second in line was Baccarat, with revenue worth $51 million and stakes amounting to $431.1 million, witnessing a massive 56.3% drop year-on-year.

Of the whole betting revenue in total, $10.2 million was brought in online, a 2.9% increase from the same time last year, but less than half of the online revenue in January of this year. The other $21.6 million was brought in by retail bets.

The most popular sport for sports betting was basketball, amounting to $19.2 million, which was actually a 46% increase from February of 2020, and players staked $325.4 million. Football also brought in quite a sum with the Super Bowl taking place during the month, with football bets amounting to $133.6 million and revenue at $6.3 million.

Clark County, which is the county in which Las Vegas is situated, managed to bring in $631.5 million in gaming revenue, a 29.6% decrease from 2020. The months that were struck by the COVID-19 pandemic, including the period from March 2020 to February 2021, the total gaming revenue amounted to $7.33 billion, a huge 39.5% drop from the former 12 months.