Nevada sportsbooks buoyed by football betting had a good December, but Las Vegas gaming revenue overall took a nosedive as rising coronavirus cases across the country and West Coast curtailed people’s leisure travel.
A report Thursday from the Nevada Gaming Control Board showed the Las Vegas Strip saw gaming revenue drop 50.6% in December. It was down 32.4% in November and 30.2% in October compared to the same months in 2019.
Clark County gaming revenue was down 30.9% in December after decreasing by 20.5% in November after declining by 23.5% in October. Downtown fell 27.9% in December after increasing 1,74% in November with the first full month of the opening of Circa Las Vegas.
Check Out More Industry News Here
As for the sportsbooks, Michael Lawton, senior research analyst with the Gaming Control Board, said sports pools won $40.6 million in December, up 11.7% or $4.2 million from December 2019. Sports pool handle at $588.4 million was up 3.0% or $17.3 million. Sports pool hold was 6.90% in December versus 6.36% in December 2019.
Sports wagers made with mobile apps won $22.8 million on $352.1 million in wagers with a hold of 6.46%. That write amount accounted for 60.0% of total wagers, Lawton said. Football won $25.9 million, up 9.1% on volumes of $372.1 million, which was down 8.2% from December 2019.
For 2020, the sports pool win of $262.8 million decreased 20.2% from 2019. Sports Pool write was $4.3 billion, a decrease of 18.4% from 2019.
Sports wagers made via mobile apps won $117.6 million on $2.5 billion in handle. These wagers accounted for 57.1% of total sports wagers statewide, Lawton said. In 2020, football win of $127.7 million was up 4.3% on volumes of $1.9 billion, up 2.7% compared to 2019.
Statewide, Nevada’s non restricted gaming licensees reported a total gaming win of $683,733,423 for December 2020. This is a 35.35% decrease compared to December 2019, when licensees reported a gaming win of $1,057,539,090. For the fiscal year (July 1, 2020 through December 31, 2020), gaming win has decreased 24.04% over the same period in 2019.
North Las Vegas fell 33.7% in December after falling 2.1% in November. The Boulder Strip fell 24.6% after being up 18% in November. The balance of the county category, which includes many locals’ casinos, fell 6.2% in December after rising 0.42% in November.
For 2020, Nevada’s non-restricted gaming licensees reported a total gaming win of $7,873,313,471. This amounts to a 34.6% decrease compared to 2019, which increased 1%. Slot win decreased 31.7% in 2020, after increasing 2.9% in 2019.