Nevada casino win sets $1.36B record in July, fifth month topping $1B in a row
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evada casinos have set a new gaming win record of $1.36 billion for the month of July, according to figures presented by the state’s Gaming Control Board.
The new monthly revenue record surpasses prior all-time highest revenue of $1.23 billion set past May. Moreover, the newly shared figures prove the industry is back on its feet following the Covid pandemic restrictions enforced throughout 2020: revenue for July 2021 was up almost 80% when compared to July last year, when gaming win reported $756.77 million.
July sees the fifth straight month topping at least $1 billion for the state. On the positive results experienced last month, Nevada Gaming Control Board analyst Michael Lawton described July as a “perfect storm for gaming in terms of special events,” reports Westport News.
The month had five weekends, saw the opening of the big Resorts World Las Vegas complex, hosted the return of several Cirque du Soleil shows and headline concerts, and experienced an unusual jump in baccarat play by international guests.
Moreover, the state saw the return of leisure travelers and consumers with coronavirus stimulus money to spend. McCarran International Airport in Las Vegas reported last week a near-return to pre-pandemic passenger traffic in July, having handled 4.15 million arriving and departing people versus 4.5 million in July 2019, reports Associated Press.
House winnings by Las Vegas Strip casinos totaled nearly $794 million last month, up 21% compared to May and an increased 46.5% versus July 2019, while more than 140% compared with 2020. Table, counter and card game winnings statewide reported $486.2 million, 48% up versus July 2019, marking the second-highest total in state history.
More than $12 billion was bet with slot machines throughout the month, and house winnings totaled nearly $874 million. Sports pool winnings set a record at $33.3 million. Bets made from mobile apps won $13.6 million on $242 million in wagers and accounted for 59% of total sports wagers.
So far, the state has seen a remarkable year in earnings for its casino industry: the collected $3.46 billion total from April, May and June amounted to the largest gaming win figure in a calendar quarter in state history, surpassing previous high of $3.26 billion in October, November and December 2006. July suggests that this positive trend is far from over.
The state collected $97.7 million in fees based on taxable revenue for the month, triple the amount reaped July last year: this is good news for Nevada, a state in which casino taxes make up 17.5% of the budget, second only to sales taxes.
