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LAS VEGAS (AP) — December was a historically bad month for Nevada casinos at the end of a historically bad year, according to a Thursday state regulatory report on gambling activity and state revenues.
The state Gaming Control Board blamed the coronavirus pandemic for results showing that casino house winnings totaled $7.8 billion for 2020, down 34.6% from the previous year and the lowest for a calendar year since 1997.
The figure, which the board dubs “casino win,” came in at about $12 billion in 2019 and 2018.
“The reason for the decrease to this calendar year was the result of the suspension of gaming operations from March 18 through June 4 due to COVID-19,” the report said. “This 78-day closure had a significant impact on gaming win amounts.”
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Monthly casino winnings of $683.7 million in December were down 35.4% compared with the same month in 2019 — marking the worst full month statewide since August 1997 and the worst full month for the Las Vegas Strip since December 1993, board senior analyst Michael Lawton said.
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“December, although very weak in terms of gaming win, unfortunately was not a huge surprise,” Lawton said.
The state collected a little more than $30 million in percentage fees based on the December numbers, down about 40.4% from a year ago. A year ago, the figure topped $50.4 million.
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State percentage fee revenues of $509 million for calendar year 2020 were down nearly 33%, according to a board report. The figure from 2019 was almost $757 million.
Business during December was hurt by the absence of events including the annual National Finals Rodeo, which was held instead in Arlington, Texas, Lawton said.
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He also cited cancellation of New Year’s Eve fireworks on the Las Vegas Strip and casino capacity limits enacted by the state to limit crowds and the spread of COVID-19.
Nevada has 468 non-restricted gambling license holders like casinos, and 2,000 restricted licensees like bars, gas stations and supermarkets with 15 or fewer slot machines.
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The report said gambling revenue decreased statewide in 2020, including Las Vegas, Reno, Lake Tahoe, Elko and rural areas.
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The Las Vegas Strip recorded a total win of $3.7 billion for the year, down 43.3% from 2019.
Washoe County casinos tallied $676 million, a decrease of 21.1% and the lowest total since 1986.
Sports pool winnings of $262.8 million were down 20.2% on wagers totaling $4.3 billion, a decrease of 18.4%, according to the report, while slot machines generated almost 69% of casino winnings in 2020.