Casino Win Earnings Tumbles In March
Mid-March casino closures in Nevada due to the coronavirus outbreak had a predictable effect, ending a streak of three $1 billion months in casino house winnings and costing the state half its usual amount of gambling taxes.
State regulators said Wednesday the key statewide casino win figure was down 39.6% compared with March 2019, and tax revenues were down nearly 54% compared with a year ago.
Officials say April figures are expected to be much lower following a full month with gambling gone. Casino taxes are second to sales taxes as a percentage of Nevada’s annual budget.
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