Nevada’s sees just $3.6m staked in April

Updated Jun 1, 2020 | Published Jun 1, 2020
[3 mins read]
Nevada has seen a no-action month in April, with the Nevada Gaming Control Board (NGCB) posting adjusted numbers for the period and reporting mere $3.6 million in total sports betting, horse racing and card game revenue for the period.
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Casinos in the Silver State shut down on March 17 and will only begin to gradually restart on June 4, after Nevada Governor Steve Sisolak gave an official go-ahead last week. The shuttering of casino activity cost these gaming establishments estimated 99.6% drop in gambling revenue year-over-year.

The $3.6 million the state generated is most likely the result of mobile gaming, as well as online poker, and specifically the WSOP.com poker platform. Even mobile sports betting has not been able to salvage some sports events and offers Nevada punters an alternative.

Slot revenue in April also fell to mere $79 million (sic) compared to $468.7 million in March.

However, one segment that is likely benefiting from the Nevadan and global land-based shutdown is crypto casinos. With remote access from around the world, crypto casinos have been on fierce acquisition programs of late.

Saying that, crypto sportsbooks have also been hit by the lack of sports events, like Nevada, but their igaming operations have picked up significantly.

Platforms such as Cloudbet, Wagerr, and WINk have used the slump in sports betting activities, not just in Nevada, but worldwide, to bolster their offer with exotic markets. Wagerr added Turkish and Hungarian football and both Cloudbet and Wagerr added esports and expanded on their existing offer.

Even in the Silver State, sportsbooks have become inventive, adding markets such as darts and Russian table tennis, the main source of revenue for established sportsbooks such as William Hill. Crypto gambling and sports betting have proven a palliative to some who have sought an alternative markets and games to try, while they remain banned from the real thing under a Nevada casino roof.

This trend may keep for a while after because even with Nevada restarting operations, it will be a while before operations are blasting at full speed ahead once again.

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CGN senior journalist 

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