Nevada casinos reported near-record winnings in March. At the same time, Las Vegas Airport announced that its passenger traffic has almost reached pre-pandemic levels.
The Nevada Gaming Control Board announced that the total of casinos in Nevada was $1.35bn. That’s close to last July’s record $1.36bn.
All-time house winnings records were set, while the Las Vegas Strip topped the list with the highest monthly winnings.
NGCB Senior Analyst Michael Lawton commented that “a traditional ‘March Madness’ atmosphere returned” following the removal of all Covid restrictions, including mask wearing.
Sports betting was a lot more interesting in March. There were NASCAR races, mixed martial art fights, and NCAA basketball games. Sportsbooks placed $863m worth of bets and won nearly $40m.
The Las Vegas Convention and Visitors Authority reported that March saw a nearly 50% increase in Las Vegas visitors, with numbers exceeding 3.3 million. It was also observed that more trade shows were held and that hotels in Las Vegas had a higher occupancy rate than 80%.
Nearly 4.3 million people used Harry Reid International Airport in March. That’s a decrease of just 140,000 from the March 2019 pre-pandemic peak.
Numbers of international travelers reached 154,000. This is more than 50% increase since February. In April, additional routes will be opened to Mexico, Canada, Panama and Switzerland.
Nevada received nearly $98m in taxes from March’s casino winnings. The state considers this stream of income to be an important one, as it accounts for 17% of total state revenue.
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