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Gaming wins drop by 39% in March after statewide casino closures

Gaming wins drop by 39% in March after statewide casino closures
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LAS VEGAS (KTNV) — Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $618,129,278 for the month of March 2020.

This amounts to a 39.57% decrease compared to March 2019, when licensees reported a gaming win of $1,022,961,241.

For the fiscal year (July 1, 2019 through March 31, 2020), gaming win has decreased 2.20%.

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The Las Vegas Strip saw a 45.7% decrease; downtown dropped 25.92%; North Las Vegas dropped 13.19%; and Laughlin was down 38.29%.

The state collected $37,111,989 in percentage fees during the month of April 2020, based upon the taxable revenues generated in March 2020.

This represents a 53.58% (or $42,838,346) decrease compared to the prior year’s April, when percentage fee collections were $79,950,335.

Gov. Steve Sisolak ordered all casinos to close on March 17 until April 30. The governor plans to make an announcement on Thursday about the next steps for the state.

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