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.
Due to such high numbers, Nevada Gaming Control Board (NGCB), announced that casinos across the state had reached $1.35bn. This is close to the $1.36bn monthly record.
The house-slot machine wins records have been broken, and the Las Vegas Strip has the record for the most monthly slots 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 dominated by a NASCAR race and mixed martial arts battles. NCAA basketball tournaments were also held in March. From $863 million of bets, sportsbooks won almost $40m.
According to the Las Vegas Convention and Visitors Authority (LVCCVA), March saw almost 50% more visitors to Las Vegas, reaching 3.33 million. This observation also noted that there was a rise in trade shows, and that the hotel occupancy around Las Vegas has exceeded 80%.
Nearly 4.3 million people used Harry Reid International Airport in March. That’s a decrease of just 140,000 in comparison to March 2019’s pre-pandemic peak.
The international traveller population reached 154,000 in February, an increase of more than half since February. April will see increased flights to destinations in Mexico, Canada and Panama.
Nevada received almost $98m of March casino winnings in tax. This stream of income is an important source of revenue for Nevada, accounting for around 17% overall state revenues.
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