Nevada casinos take in record $1.23B in winnings in May
Nevada’s tourism and gambling industry has come roaring back after the pandemic shuttered casinos and kept tourists away last year, with casinos setting a record in May by winning $1.23 billion.
It’s the highest single-month win in the state’s history, blowing past a $1.165 billion record set in October 2007.
The record win came before tourist-reliant Nevada on June 1 lifted virtually all restrictions on crowds and business capacity statewide. The casino’s take has topped $1 billion for three months in a row. Even before the restrictions lifted in June, tourists were again flocking to Las Vegas casinos, and most casino resorts were allowed to return to 100% capacity.
In May, 2.9 million people visited Las Vegas, according to the Las Vegas Convention and Visitors Authority, an increase of nearly 12% from April. Hotel rooms were about 71% occupied on average over the month, with weekend occupancy climbing to 88%.
The visitation rates and hotel occupancy rates still have a way to go to match levels set in the same period in 2019.