Bitcoin Casino Kings

Your Guide to Best Bitcoin Casinos and Betting Sites

  • Home
  • Bonuses
  • New Casinos
  • Reviews
  • News
  • Bitcoin Betting ▾
    • Bitcoin Betting
    • eSports Betting
  • Crypto Gambling ▾
    • Ethereum Gambling
    • Litecoin Gambling
    • Dogecoin Gambling
    • Bitcoin Cash Gambling
    • Dash Gambling
  • Games ▾
    • Casino Game Providers
    • Bitcoin Games
    • Bitcoin Slots
    • Bitcoin Blackjack
    • Bitcoin Roulette
    • Bitcoin Dice
    • Bitcoin Poker
  • More ▾
    • Responsible Gambling
    • About
    • Contact
You are here: Home / News / Casino Revenue in Nevada Tanks in August

Casino Revenue in Nevada Tanks in August

October 12, 2020 By Roary Leave a Comment

It’s no secret that casinos all around the world have had a tough go of things with COVID-19, but despite allowing casinos to reopen, Nevada has been hit hard.

Despite being the go-ahead to reopen back in June, punters are still steering clear of the state’s casinos.

This has resulted in casinos from Nevada reporting a total revenue of $743.0 million in August.

That figure is down 1.7% month on month and down 21.9% year on year.

Nevada records lower revenue in August than in July, causing alarm bells to ring

Nevada records lower revenue in August than in July, causing alarm bells to ring

Sin City is Sleepy City

Sin City is one of the biggest areas of Nevada that’s really feeling the pinch.

Back in June, casinos across the city released numbers of punters that came to play in casinos, with the final number reaching 1,065,100 – that’s a 70% decrease compared to June 2019.

This has hit casinos hard as they’re not able to pull in big numbers from what are typically the Nevada casino scene’s busiest months.

In fact, casinos had no trouble at all abiding by the 50% capacity regulation thanks to the decrease in player numbers.

Despite this, the Culinary Union is still disappointed in the way casinos are handling the situation, with more than 350 workers and their families testing positive for COVID-19 since casinos reopened.

Players Still Winning Big

That’s not to say that casinos still aren’t making a small fortune from the players that do come in, on the contrary.

Casinos still made all that profit on players, which might be down 21.9% year on year, but it’s still a hefty sum of cash compared to the alternatives of being closed for business.

Despite this figure, several players have made it their mission to take Vegas for everything it’s got.

On opening day, one player hit a $670k jackpot at Caesars, while a teacher won $563k on Labor Day weekend.

Then, in the final week of September, another player won two jackpots within a matter of hours, taking home a total of $792,062 for her luck.  

These players have been proving that while Vegas is a shadow of its former self, slots and games are still primed and ready to pay out a ludicrous amount of cash.

Can Vegas Recover?

With the news of President Trump becoming infected with the virus, it could swing one of two ways.

If Trump suffers barely any symptoms or side effects, then he will likely go on to make out that the virus is nothing to be afraid of, allowing more venues to open and restrictions to be lifted.

This could be great for the casino industry and millions of workers around the US, but it will also wreak havoc on the health of millions.

On the other hand, if Trump has a real rough ride and gets a good scare, he could backtrack and shut down more of the US as his first-hand experience was not pleasant.

So, it’s really all down to Trump and his case of COVID-19. If it doesn’t go too badly, we could see Vegas and other casinos benefit from a relaxation of certain rules.

Time will tell!

Filed Under: Site News Tagged With: Las Vegas

Avatar

About Roary

Roary is an avid casino player and has a burning passion for all things crypto. Over the years, Roary has combined his three loves into an amazing and lengthy career, writing about Bitcoin casinos and helping others learn about the young and exciting industry!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow: Twitter Bitcointalk.org

Join the mailing list!

Be the first to know about new bonuses!

Max 1 mail per week. We do not give your email to anyone. You can unsubscribe at any time.

Quick links:

  • Home
  • New Casinos
  • Bitcoin Bonus
  • Reviews
  • Ethereum Gambling
  • Litecoin Gambling
  • Dogecoin Gambling
  • Bitcoin Cash Gambling
  • Dash Gambling
  • Bitcoin Betting
  • eSports Bitcoin Betting
  • Casino Game Provider Reviews
  • Bitcoin Games
  • Slots
  • Blackjack
  • Roulette
  • Dice
  • Poker
  • News
  • About
  • Contact

© 2015–2021 Bitcoin Casino Kings · All rights reserved


Responsible Gaming · Terms of Use · Privacy Policy · Cookie Policy · About · Contact

Follow us: Twitter and Bitcointalk.org
Review us: Trustpilot

GPWA approved portal

We are using cookies and collecting anonymous Google Analytics data to give you the best experience on our website.

Continue browsing if you accept this!

Bitcoin Casino Kings
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

This website uses Google Analytics and Google Tag Manager to collect anonymous information such as the number of visitors to the site, and the most popular pages.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Cookie Policy

More information about our Privacy Policy and Cookie Policy.