‘March Insanity’ environment lifts Vegas financial system from pandemic

LAS VEGAS (AP) — Nevada casinos reported near-record March home winnings, whereas the airport in Las Vegas reported passenger visitors nearly as heavy as pre-pandemic ranges and tourism officers marked one other huge soar in customer quantity.

The state Gaming Control Board reported Thursday the $1.35 billion that casinos statewide reaped was simply shy of the all-time month-to-month mark of $1.36 billion set final July.

The state and Clark County set all-time data for home slot machine winnings, whereas the Las Vegas Strip recorded third-highest month-to-month slot winnings, board senior analyst Michael Lawton mentioned.

“A conventional ‘March Insanity’ environment returned,” Lawton mentioned, after COVID-19 restrictions together with masks necessities have been lifted in February. March featured a NASCAR race, a combined martial arts bout and NCAA basketball occasions.

Sports activities books gained nearly $40 million on whole wagers of $863 million throughout the month, Lawton added.

The variety of guests to Las Vegas elevated to greater than 3.3 million in March, up nearly 50% from 2.2 million in March 2021, in accordance with the Las Vegas Convention and Visitors Authority.

The authority famous the return of extra commerce exhibits and conventions, and mentioned resort occupancy on the greater than 150,000 rooms in and round Las Vegas topped 80%.

Harry Reid International Airport tallied almost 4.3 million passengers in March, down solely about 140,000 from its pre-pandemic whole in March 2019 — a yr the airport tallied a file 51.5 million arriving and departing vacationers.

The airport’s 154,000 worldwide vacationers in March was up greater than 50% from February, and flights from abroad are scheduled to ramp up in April with further service to cities in Mexico, Canada, Panama, the Netherlands, Germany, Switzerland and the UK.

Worldwide journey all however stopped throughout the coronavirus pandemic.

The state collected nearly $98 million in taxes primarily based on March on line casino winnings, the Gaming Management Board mentioned. The determine is necessary as a result of on line casino taxes make up about 17% of state revenues, second solely to gross sales taxes. Nevada has no private earnings tax.


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