Nevada Releases Limited Gaming Revenue Report For May

Nevada Releases Limited Gaming Revenue Report For May
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With casinos closed the entire month and sportsbooks requiring in-person registration, the Nevada Gaming Control Board released May revenue figures without sports betting numbers.

”Due to the extremely limited amount of reported gaming revenue for the month of May 2020 and statutory limitations regarding the confidentiality of financial records, several portions of the Monthly Revenue Report have been redacted,” the board said in an email Tuesday.

RELATED: More on Nevada sports betting and gaming

The board redacted the sports betting numbers in April, also.

According to the figures released Tuesday by the board, May saw $5.8 million in total gaming revenue, a decline of 99.4% from the $982 million collected in May 2019. Nevada collected just $56,000 in taxes from May revenue, a decline of 99.9% from a year ago.

The limited report released Tuesday showed revenue from the limited mobile sports betting apps and interactive poker, which is legal in the state. Nevada still requires in-person registration at its casinos for mobile betting.

The last month with even a partial report was March and Nevada sportsbooks had $141.108 million in total sports betting handle then. Casinos closed in mid-March because of the coronavirus.

Nevada Casinos Have Reopened

Nevada casinos reopened June 4 after being closed 78 days and have been doing brisk business since, according to published reports. New social distancing measures have been put in place and new rules include checking temperatures upon entering and making facemasks available to guests.

Nevada Gov. Steve Sisolak on June 24 ordered face masks or coverings must be worn in public as the state tries to slow the spike in COVID-19 cases. The order includes casinos. On Monday, Sisolak signed an emergency directive extending Phase 2 of the state’s reopening plan through July, according to a news release.

Sisolak also said “any discussion of entering Phase 3 will be tabled” until further notice, according to published reports.

More Help Is on The Way

Sports like UFC, NASCAR, overseas soccer and the PGA are holding weekly events. The NBA, NHL and MLB have set dates for their return. Having more licensed physical sportsbooks than any other state with legal and regulated sports betting, Nevada should see revenue return in June.

Since Nevada bettors must first register at a physical sportsbook, having casinos open will also provide a big boost. New Jersey sportsbooks and Pennsylvania sportsbooks, the top states in mobile betting, don’t have the antiquated registration requirements.

And just last week, the Nevada Gaming Commission approved changes to existing cashless gaming rules that could make it easier for gamblers to transfer funds from bank accounts by debit card. The amendments are effective immediately, according to the Las Vegas Review-Journal.

Casinos and gaming companies are seeking ways to improve health and safety measures in the face of the coronavirus pandemic, so this is a start for Nevada. And it could be a step in the right direction for mobile sports betting, too.

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