Nevada's Gaming Revenues Fell 99.4% in May

The state of Nevada's financial woes related to the closure of casinos due to Covid-19 continued in May, as revenues fell 99.4% when compared to the same period in 2019.

The casino industry was shut down for the whole month, and only re-opened on June 4th to limited capacity. Because of this, the revenues for the industry were almost nothing, with only online poker generating $5.8 million in revenue through the WSOP brand.

These revenues will almost certainly rise for June, although the revenues will still be down severely from last year. How long will it take for revenues to return to normal? Who knows, but it seems that it'll take a long time before things bounce back to where they were.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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lvblck
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30 June 2020 - 10:23pm
#1

Well this is a no brainer, the landbased casino industry suffered a lot because of the limitations and lockdowns they had to implement, besides not a lot of people, who barely want to leave the house to go to a supermarket for food, would visit landbased casinos. I am sure these numbers will bounce back, it's just what is happening right now in the world.

hkBaccarat Boy
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2 July 2020 - 1:21am
#2

Even if they open who want to touch chips or cards or press buttons that someone else has been touching?

coolsongss

usbarbadosslim93
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2 July 2020 - 1:25pm
#3

Valid point, Kingston. Seems like Nevada would have benefited from online betting outside of online poker, but good ol' Sheldon kept that from happening.

hkBaccarat Boy
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3 July 2020 - 12:21am
#4

Poor old Adelson. I wonder if he regrets that attitude now?

krcoolsongss
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8 July 2020 - 9:36am
#5

Yeah, it was easily predicted for this kind of loss for land casinos.

Even in the online casino, many tables of Evolution and Authentic were closed for many weeks. They are not even fully back yet.

usbarbadosslim93
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8 July 2020 - 6:08pm
#6
Baccarat Boy wrote:

Poor old Adelson. I wonder if he regrets that attitude now?

He's probably just pissed that someone else is making money that's not him.

sharpe

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