Nevada casinos go record 9 months with $1B in house winnings

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LAS VEGAS – Nevada casinos acceptable a grounds successful November, reporting a ninth consecutive period of $1 cardinal oregon much successful location winnings, gambling regulators said Wednesday, providing different motion that concern successful the nation’s tourist-dependent gambling mecca has returned to pre-pandemic levels.

The $1.32 cardinal successful casino winnings reported statewide past period was up from $1.22 cardinal successful October, and astir reached the grounds $1.36 cardinal fig acceptable past July, the Nevada Gaming Control Board reported.

The streak bushed the erstwhile grounds of 8 consecutive months acceptable earlier the Great Recession, from October 2006 to May 2007, committee elder expert Michael Lawton said.

Nevada sports betting besides acceptable records — reaping a grounds $72 cardinal successful November connected sports wagers totaling $1.1 billion.

Lawton said the erstwhile grounds was $61.8 cardinal successful sports bets won by casinos successful November 2020, and helium noted sports books took successful much than $1 cardinal successful wagers successful consecutive months for the archetypal time. Most sports wagers were made with mobile betting apps.

“The continued acceptance of mobile sports wagering by customers is driving these results,” Lawton said. “This period represented the highest monthly full recorded successful mobile (bets) since the committee began tracking these wagers successful January 2020.”

Business mostly has been buoyed by visitors with wealth to spend, Lawton said, and a sustained rebound of leisure question and the instrumentality successful aboriginal November of hose flights from planetary places different than Canada and Mexico.

Special events and amusement besides helped propulsion casino winnings for the year-to-date to astir 12% past 2019 levels. Only North Las Vegas and Laughlin are inactive beneath 2019 calendar twelvemonth levels, Lawton said.

Most economical and gross comparisons don’t usage 2020, erstwhile galore businesses were closed due to the fact that of the COVID-19 pandemic.

Nevada collected astir $93.6 cardinal successful taxation revenues based connected the November figures, the study said.

Lawton noted a afloat period of events successful November included the instrumentality to Las Vegas of the large automobile-oriented Specialty Equipment Market Association commercialized show; the commencement of entertainer Sting’s residency astatine the Colosseum astatine Caesars Palace; a Rolling Stones performance astatine Allegiant Stadium; boxing astatine the MGM Grand Arena and Mandalay Bay Events Center; and 2 Las Vegas Raiders location games.

The study came with recently renamed Harry Reid International Airport reporting rider postulation ramping up astir to levels seen 2 years ago.

The erstwhile McCarran International Airport reported Tuesday that it handled astir 4 cardinal arriving and departing passengers successful November, down conscionable 4.4% from the aforesaid period successful 2019.

The Las Vegas Convention and Visitors Authority reported 3.1 cardinal visitors during the month, down 8% from 3.4 cardinal successful October. The determination tourism bureau reported an mean regular country complaint of astir $156, up much than 15% from November 2019.

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This communicative corrects the country complaint examination successful the last paragraph to November 2019, not a twelvemonth ago.

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