17.1 C
London
Monday, July 6, 2020

Closed casinos yielded near-zero Nevada tax revenue in May

- Advertisement -


Excalibur Reopens

Steve Marcus

Gamblers place bets on roulette during the reopening of Excalibur Thursday, June 11, 2020.

Casinos that were closed through May due to the coronavirus pandemic yielded nearly no tax revenue for Nevada, state regulators reported Tuesday.

Gambling establishments statewide reported a 99.4% decrease in house winnings compared with the same month a year ago, the state Gaming Control Board reported.

The near-zero numbers followed similar results in April, the first full month after casinos and many businesses were closed in mid-March to prevent people from gathering and spreading the COVID-19 illness.

Casinos were allowed to reopen June 4.

The state collected just $56,000 in taxes based on May revenues, down 99.9% compared with a year ago.

A small amount of revenue came from mobile sports betting and interactive poker that weren’t suspended.

The numbers are more dramatic compared with February, when casinos on a hot streak reported a third straight month of $1 billion in house winnings.

Nevada has reported increases in recent days in the number of people diagnosed with COVID-19, with just under 18,000 people testing positive. State health officials reported Monday that 504 people have died.

For most people, the virus causes mild or moderate symptoms for two to three weeks. The vast majority recover. Older adults and people with existing health problems can face severe illness and death.





Source link

- Advertisement -

Latest news

Man fatally shot at Fourth of July party

By Sun Staff (contact) Monday, July 6, 2020 | 2:10 p.m. A teen fatally shot a man who was trying to break...
- Advertisement -

Boris Johnson: too many care homes didn’t follow coronavirus procedures – video | Politics

Boris Johnson has accused care homes of failing to follow proper procedures during the coronavirus pandemic, prompting a widespread backlash from care leaders,...

Meghan Markle is the ‘center of Prince Harry’s world’ says body language expert

Prince Harry has reignited the row over Britain's colonial history as it emerged today he wanted the organisation to 'acknowledge the past', even...

Kylie Jenner wears mesh dress for ‘morning spritz’ in desert

She revived her long braided ponytail in images from a desert photo shoot posted Sunday.And on Monday Kylie Jenner shared more glimpses into her...

Is BOOK BURNING next? Cancel culture targets ‘problematic’ books

On the radio program Monday, Glenn Beck, Pat Gray, and Stu Burguiere reacted to a recent Washington Post op-ed in which the author,...

Related news

Man fatally shot at Fourth of July party

By Sun Staff (contact) Monday, July 6, 2020 | 2:10 p.m. A teen fatally shot a man who was trying to break...

Meghan Markle is the ‘center of Prince Harry’s world’ says body language expert

Prince Harry has reignited the row over Britain's colonial history as it emerged today he wanted the organisation to 'acknowledge the past', even...

Is BOOK BURNING next? Cancel culture targets ‘problematic’ books

On the radio program Monday, Glenn Beck, Pat Gray, and Stu Burguiere reacted to a recent Washington Post op-ed in which the author,...

Katie Price’s daughter Princess launches YouTube channel

Katie Price’s daughter Princess is set to be a YouTube star (Picture: @princessandre, @katieprice)Katie Price will have to share the spotlight with her...

Mississippi Election Commissioner States, ‘The Blacks are Having Lots of Events for Voter Registration’ Causing an Uproar

An election commissioner in Mississippi has made the news last week amid a report stating that she was having concerns because “The blacks are...

Live stream, TV channel, kick-off time and team news for TODAY’s Premier League clash

TOTTENHAM picked up a huge three points over Everton to keep their European dream alive. Giovani Lo Celso's first-half strike was deflected into his...

New report finds clear trend of viruses jumping from animals to humans

The world has witnessed a rise in diseases caused by viruses that have jumped from animal hosts to the human population, with COVID-19...

Leave a Reply

%d bloggers like this: