Nevada Gaming Revenues Top $1B for Second Straight Month

by Natasha Lyndon - Monday, May 31st, 2021 3:00

Las Vegas Gaming revenue

The latest monthly data released by the Nevada Gaming Commission reveals that the state’s casinos reported $1.04B in gaming revenue for the month of April. This is the second month in a row that the state’s casino have collected more that $1B in revenue and only the third time that the mark has been achieved in the month of April.

Casinos on the Las Vegas Strip brought in an impressive $483.4M in April as the state inches closer to a full recovery from the pandemic-enforced shutdown of both casinos and the tourism industry in general. This marks a 0.3% increase on April 2019 despite the fact that the number of people visiting Vegas is down by 27% for the same period.

Nevada’s slot machines were the state’s biggest revenue generator bringing in $793.7M. This beat the previous slots record of $780M set in October 2007. Downtown Las Vegas also set a new record with gamblers — who are mostly local in this area — netting $76.2M in winnings. This was the second month in a row that beat previous records.

Table games generated $264M, a drop of 16.7% from March with gamblers placing over $2.02B in bets at the tables.

Nevada’s sportsbooks posted a sports betting handle of $458M. Mobile betting accounted for $297M or 64.9% of the total handle. However, this was a significant drop of 28.6% from the $641M wagered in March marking the lowest sports betting handle since July 2020.

Sports betting revenue came in at $27.2M giving sportsbooks a 6% hold. Mobile betting accounted for $17.9M of revenue generated.

Basketball was once again the most popular sport with gamblers placing $181M in bets which generated $8.6M in revenue for sportsbooks. Baseball was the second most wagered-on sport attracting $164M in bets resulting in revenue of $14.1M while ice hockey saw $46.5M in wagers generating $2.1M in revenue.

April’s sports betting handle placed Nevada third in the country behind New Jersey ($748M) and Pennsylvania ($479M).

Natasha Lyndon

Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.