weather icon Clear

Nevada’s February gaming win provides snapshot before COVID-19 crisis

Updated March 26, 2020 - 11:51 am

Have a good look at the amount of money the state’s casinos won in February.

We’re not going to see totals like them for a while.

The state Gaming Control Board on Thursday reported Nevada’s 441 licensed casinos won $1.043 billion for the month, a 3 percent increase over the same month a year earlier.

It was the third straight month that gaming win exceeded $1 billion and the third-highest February total in history.

Later Wednesday, the Las Vegas Convention and Visitors Authority reported a 4.5 percent increase in visitor volume to 3.3 million for the month. Convention attendance was up 1.6 percent from February 2019 to 760,300.

In Clark County, gaming win at 216 properties was up 0.5 percent to $897.5 million. The Strip’s 51 licensees were up 0.7 percent to $596.2 million, but downtown Las Vegas’ 21 properties were off 4.1 percent to $55.6 million.

February numbers were expected to be higher this year because of the extra day on the calendar for Leap Year and Chinese New Year falling in February this year, but in January last year.

March will fall

But the March numbers, which will be reported at the end of April, will come tumbling down because of the 30-day closures of state casinos on March 17. With closures in effect until at least April 16, the April figures also are expected to be devastating — and may not recover for months.

But for now, the news is favorable for a state that relies on gaming taxes and fees for nearly 19 percent of its general fund. Other taxes collected by the hospitality industry represented 38.9 percent of the total in the 2018 fiscal year, according to the Nevada Resort Association.

As of Wednesday, the state collected $68.9 million in gaming taxes from February wins, a 15.6 percent increase over the previous year, the Control Board said. For the first three quarters of the 2019-20 fiscal year, the state collected $561 million, an 8.2 percent increase over the previous period.

Casinos won $648.5 million on slot machines, 6.6 percent more than in February 2019, and $394.1 million on table games, a 2.2 percent decline from the previous year.

Books do well

Michael Lawton, senior research analyst for the Control Board, said the state’s sportsbooks also performed well, particularly on hockey bets. February’s Super Bowl also resulted in a record amount bet for the month.

“Sports pools won $38.1 million, up 6.3 percent, or $2.2 million,” Lawton said. “Sports pool drop of $491.7 million was up 7.2 percent. This is an all-time record for the month of February.”

Hockey reported $3.1 million in win on $33.2 million in wagers holding 9.2 percent, he said.

The books won $9.9 million on $218.7 million in wagers using online apps, holding 4.54 percent. That write amount accounted for 44.5 percent of all sports wagers.

Visitation up

The LVCVA said February’s average daily room rate was $132.20, up 1.6 percent from last year, an amount that most certainly will fall in March and April. The occupancy rate fell 0.2 percentage points to 86.8 percent for the month.

Laughlin visitor volume dropped 1.9 percent to 138,900 for the month, but volume increased in Mesquite by 1 percent to 100,500. The average daily room rate increased in both locations — 12.2 percent to $47.28 in Laughlin and 10.4 percent to $72.27 in Mesquite.

Occupancy rates fell 1.6 percentage points to 61.5 percent in Laughlin, but increased 1.4 points to 77.5 percent in Mesquite.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

Don't miss the big stories. Like us on Facebook.
Business Videos
Allegiant burning over $2M per day, many workers on leave with half pay - VIDEO
Allegiant Air’s parent is burning through at least $2 million in cash per day and hundreds of workers are taking two-month leave at half pay as the carrier grapples with the fallout from the coronavirus pandemic. (James Schaeffer / Las Vegas Review-Journal)
Small business owners talk about shutdown impact
Small business owners talk about shutdown impact. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Top stories Friday April 3, 2020
Rj Business reporters Bailey Schulz, Subrina Hudson and Eli Segall talk about the top trending stories at the Review-Journal
Caesars furloughing about 90% of US workers
The furloughs come amid the COVID-19 pandemic, which has prompted all U.S. commercial casinos to temporarily shut their doors.
Amazon blocks sale of N95 masks to public - VIDEO
Amazon established a new section of its website where U.S.-accredited hospitals or state or federal agencies can apply for supplies. N95 masks, surgical masks, facial shields, surgical gowns, surgical gloves and large-volume sanitizers are among the restricted items. (Las Vegas Review-Journal)
Cars line up for over 4 miles for food
Cars were lined up along Sahara Avenue from Palace Station to South Rainbow Boulevard for food distribution sponsored by Three Square and Central Church in Henderson.
US weekly jobless claims jump to 6.6 million - VIDEO
The U.S. Labor Department reported 6.6 million people filed for unemployment insurance in the past week. A reported 10 million people have filed over the past two weeks. (Las Vegas Review-Journal)
When will self-employed get unemployment money in Nevada? - VIDEO
President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act into law March 27. It allows states to expand unemployment insurance benefits, including to independent contractors, self-employed and gig workers. (Las Vegas Review-Journal)
Free Business Updates
For more information head to: https://www.reviewjournal.com/vegas-business-updates/
Walmart’s new safety measures at stores: Checking temperatures - VIDEO
In an effort to intensify safety measures in their stores, Walmart and Sam’s Club will check the temperatures of all employees as they arrive for work. (Kevin Cannon / Las Vegas Review-Journal)
Macy’s to furlough majority of 130,000 employees amid coronavirus closures - VIDEO
On March 30, Macy’s Inc. announced their decision to furlough a majority of their employees and instead move to the “absolute minimum workforce needed.” (Las Vegas Review-Journal
An empty Las Vegas Strip from the air - Drone Video
For the first time in forever, the famed Las Vegas Strip is closed for business amid the coronavirus pandemic. (Michael Quine/Las Vegas Review-Journal)
Nevada construction continues as coronavirus spreads
When Gov. Steve Sisolak ordered Nevada businesses closed, he let construction workers stay on the job, deeming homebuilding and other construction “essential” lines of work.
US weekly jobless claims soar to record-breaking 3.28M - VIDEO
The U.S. Department of Labor released the shattering numbers on Thursday. Jobless claims had been as low as 282,000 the previous week. The 3.28 million jobless claims for last week is more than double the 1.5 million new claims that analysts were expecting. (Las Vegas Review-Journal)
Worker at Allegiant Stadium tests positive for COVID-19
Construction of Allegiant Stadium is unlikely to affected by the coronavirus outbreak that is having an impact on just about every industry across the Las Vegas Valley. (Michael Quine/Las Vegas Review-Journal)
Casino companies burning through millions daily
RJ reporter Bailey Schulz talks about how much Las Vegas Casino companies are losing and how the Emergency bill could help if they run out of money or need help recouping what was lost.
Albertsons, Walmart, Amazon increase pay amid coronavirus impact - VIDEO
Grocery stores and other retailers have raised employee pay as they work to meet customer demand during the coronavirus pandemic. (James Schaeffer / Las Vegas Review-Journal)
Las Vegas police tells nonessential businesses to respect the shutdown - VIDEO
The Las Vegas Metropolitan Police Department reminds businesses in Clark County that all nonessential businesses are to be shut down as mandated by Nevada Gov. Steve Sisolak, due to the coronavirus crises. (Las Vegas Metropolitan Police Department)
Amazon Prime delays are now as long as a month - VIDEO
As of Sunday, many nonessential items ordered with Prime delivery are showing an April 21 delivery date. (Las Vegas Review-Journal)
Fed announces unprecedented actions to stabilize markets - VIDEO
The Federal Reserve announced several new measures on Monday. Among the announced programs is a further commitment of $300 billion "supporting the flow of credit" for Main Street businesses. (Las Vegas Review-Journal)
Lee’s Discount Liquor stores close on Sunday - VIDEO
Lee’s Discount Liquor stores across the Las Vegas Valley closed at 3 p.m. Sunday, March 22, the company announced on Twitter. (Las Vegas Review-Journal)
Local Businesses Message To Customers After Closing - Video
Local movie theaters and stores leave signs on their doors for customers as businesses close after being ordered to shut down.
Valley businesses react to mandatory order to shut down - VIDEO
All non-essential businesses in the Las Vegas Valley have to shut down. We spoke with store owners who would remain open for the benefit of the community and others who were still confused as to why they had to close. (James Schaeffer / Las Vegas Review-Journal)
Nevada casino closures impact 206K workers, AGA finds - VIDEO
About 206,000 direct casino employees in Nevada are without work after Gov. Steve Sisolak’s Tuesday mandate, according to the American Gaming Association. (James Schaeffer / Las Vegas Review-Journal)
More Las Vegas Valley grocery stores offer early hours for seniors - VIDEO
A growing list of Las Vegas Valley retailers are offering special shopping hours for seniors in light of the COVID-19 pandemic. (James Schaeffer / Las Vegas Review-Journal)
Nevada casinos closing for 30 days following state order - VIDEO
Gov. Steve Sisolak’s unprecedented order on nonessential Nevada businesses will shut down 440 licensed casinos. (James Schaeffer / Las Vegas Review-Journal)
Wynn CEO and Dr. Rebecca Katz go over coronavirus - Video
The Wynn CEO Matt Maddox and Dr. Rebecca Katz give a warning about the coronavirus in Las Vegas and around the world.
The Bellagio casino floor cleared as guests get ready to leave hotel - VIDEO
The Bellagio casino floor cleared as guests get ready to leave hotel (James Schaeffer / Las Vegas Review-Journal)
Tourists upset with MGM Resorts' lack of closure notice - VIDEO
Tourists like David and Emma Walker, who are visiting from Scotland, found out about MGM Resorts' property closures through Google, instead of the Luxor where they are currently staying. The Walkers are upset with how MGM has handled the situation by not making their customers aware of the closures first. (Cassie Soto/Las Vegas Review-Journal)
All Las Vegas MGM casinos, hotels to temporarily close - VIDEO
MGM Resorts International announced Sunday it is temporarily suspending operations at all Las Vegas properties “until further notice” effective Tuesday. (James Schaeffer / Las Vegas Review-Journal)