Finance

Nevada casino revenue declines to $743.0m in August

1 minute read
Nevada casino revenue declined 1.7% month-on-month and 21.9% year-on-year to $743.0m in August, as low margins and the novel coronavirus (Covid-19) combined to keep revenue low.

With casinos having been closed in late March and early June this year due to the virus, the revenue total was the lowest for a full calendar month since the state Gaming Control Board started publishing figures in December 2003.

However, this was partly due to lower win rates than July across both slots and table games, as players staked a total of $9.99bn, up 7.7% from the previous month.

Slots remained the largest source of revenue, as players staked $8.11bn and casinos made $525.4m, down 14.7% year-on-year, or 3.9% from July.

Read more on iGB North America.

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