Nevada Casinos Report Over $1B in Gaming Revenue for Best Month Since Feb 2013

Casinos collected $1.066 billion in revenue for the month of March

Nevada Casinos Report Over $1B in Gaming Revenue for Best Month Since Feb 2013 - Tuesday, April 27th, 2021 5:00

Nevada Casinos Report Over $1B in Gaming Revenue for Best Month Since Feb 2013 collected $1.066 billion in revenue for the month of March. According to the Nevada Gaming Control Board’s monthly reports, this was the state’s highest single-month total since February 2013.

This marked a 72.6% increase on March 2020 when in-person gaming was shut down due to the global pandemic and a 4.3% rise on March 2019.

Nevada Casinos Report Over $1B in Gaming Revenue for Best Month Since Feb 2013

The 2021 NCAA March Madness basketball tournament saw a significant increase in sports bets with Nevada sportsbooks posting a sports betting handle of $640.7 million. This was a 354.3% increase on March of 2020. Total revenues amounted to $39.3 million which is a significant improvement on last year’s loss of $37.9 million.

Basketball accounted for $501 million of the total handle while football bets saw operators pay out $8.2 million after taking in only $2.7 million in bets.

Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.