Nevada casino earnings show a return to pre-pandemic levels

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John Locher / AP

A plane takes off from McCarran International Airport near the casinos of the Las Vegas Strip on Wednesday, September 29, 2021.

Nevada casinos continued their momentum in August, recording more than $ 1 billion in house winnings for the sixth consecutive month as gambling statewide continues to return to pre-pandemic levels, reported state regulators reported Thursday.

The Nevada Gaming Control Board said casinos grossed nearly $ 1.17 billion in August, after a record $ 1.36 billion in July. Overall, the so-called ‘casino win’ rose 22.3%, up from $ 952 million in August 2019 before the pandemic.

The state is on its second-longest streak of $ 1 billion monthly casino earnings, said Michael Lawton, senior board analyst. The longest lasted eight months from November 2006 to May 2007, several months before the onset of the Great Recession.

Lawton said strong demand for gambling, the availability of federal stimulus funds, a continued rebound in leisure travel and the return of special events and entertainment pushed gains nearly 8% above cumulative figures for 2019.

The number of passengers at the airport has declined somewhat, according to figures released Monday by McCarran International Airport. The 3.8 million passengers recorded in August were down just over 8% from 4.1 million in July.

Airport spokesman Joe Rajchel said passenger volume was “undoubtedly” affected by a prolonged outage in Spirit Airlines’ network earlier this month. Spirit is among the top five carriers at the airport.

The casino’s strong earnings tally came despite the July 30 reinstatement of indoor mask warrants for both vaccinated and unvaccinated people due to the spread of the COVID-19 delta variant.

Notable August events include the United States against Mexico in the 2021 CONCACAF Gold Cup Final, an NFL Las Vegas Raiders preseason game, and a music concert featuring Guns N ‘Roses. , all at Allegiant Stadium in Las Vegas.

Lawton also highlighted the reopening of popular Cirque du Soleil shows Michael Jackson One and The Beatles Love on the Las Vegas Strip and a boxing match between Manny Pacquiao and Yordenis Ugás at T-Mobile Arena.

Casinos in the South Lake Tahoe area were hit by the Caldor fire, which cut back on Aug. 22 travel on Highway 50 from the Bay Area and Northern California, Lawton noted. Stateline casinos were closed during the first week of September due to the fire.

The state raked in $ 74 million in revenue based on August’s monthly earnings, a big increase from $ 50 million two years ago. The figure is a significant portion of the state budget as casino taxes account for around 17% of state revenue, just behind sales taxes. Nevada has no personal income tax.

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