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How Gaming Benefits Nevada

Tourism

Nevada’s tourism industry plays a significant role in the state’s economy. Through the years, the industry has gained its strength through major investments and offering visitors a reason to seek out the Silver State. Prior to the COVID-19 health crisis of 2020, visitation to the state reached notable peaks, including a historic peak in the state’s airport volume which reached 55.1 million passengers. As a result of statewide closures, the tourism industry suffered significant declines in key indicators. Fiscal year 2020 finished at 42.0 million visitors, which was down 24.6 percent from the prior fiscal year. Greater losses have continued through the close of calendar year 2020.

Key Statistics for Nevada Gaming Operators
FY 2019 and 2020

Click here for FY 2009 through 2020
  FY 2019 FY 2020 Annual Growth Rate 
Visitation 
Visitor Volume  55,772,038 42,036,842 -24.6%
Airport Volumes  55,113,051 41,614,770 -24.5%
Vehicle Traffic Volume (Entering Nevada)  28,242,005 29,408,600 4.1%
Convention Attendance 6,888,216 5,023,172 -27.1%
Hotel Occupancy Rate  83.0% 62.5% -20.5%
Hotel Room Nights Occupied  58,257,409 43,288,399 -25.7%
Hotel Room Inventory  194,317 134,940 -30.6%
Gaming
Total Gross Gaming Revenue   $11,907,559,044  $9,328,408,046 -21.7%
Slot Machine Coin In   $113,522,362,032  $89,129,721,638 -21.5%
Number of Slot Machines  163,612 128,068 -21.7%
Number of Table Games  5,423 3,970 -26.8%
Total Number of Licensed Gaming Operations 2,966 2,901 -2.2%
Total Number of Restricted Gaming Operations  1,996 1,976 -1.0%
Investment and Key Operating Ratios
Non-Restricted Licensee Revenue*  $24,546,009,009  $18,348,234,892 -25.2%
Gaming Revenue   $8,757,658,013  $6,746,883,467 -23.0%
Rooms Revenue   $6,447,685,698  $4,719,602,887 -26.8%
Food Revenue   $4,219,159,134  $3,127,263,125 -25.9%
Beverage Revenue   $2,083,693,871  $1,486,376,111 -28.7%
Other Revenue   $3,037,812,293  $2,268,109,302 -25.3%
Total Fixed Asset Value (Capital Investment)  $56,191,194,231  $50,039,648,480 -10.9%
Net Income Before Federal Taxes and Extraordinary Items   $2,055,525,922  $2,893,142,737 40.7%
  Percentage of Total Revenue  8.4% 15.8% 7.4%
Average Daily Room Rate   $129.85  $119.39 -8.1%
Revenue per Available Room (REVPAR)  $107.79  $74.60 -30.8%
Return of Average Assets  4.3% 5.2% 0.9%
Return on Invested Capital  6.3% 6.3% 0.0%
Casino Hotels and Gaming Employment 173,400 133,600 -23.0%
Casino Hotels and Gaming as a Percentage of All Employment  12.3% 10.5% -1.7%
Major Gaming Tax Payments
Room Tax Collections  $895,885,580  $671,551,247 -25.0%
Percentage Fees (Gaming Tax) Collections  $709,825,544  $472,433,163 -33.4%
Live Entertainment Tax Collections  $105,614,188  $72,175,787 -31.7%

Notes: *Non-restricted licensee revenue with gaming revenues of $1 million or more in gaming revenue. Starting in fiscal year 2019, with regards to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 606 – Revenue from contracts with customers, all nonrestricted licensees (public and nonpublic organizations as defined by FASB) were required to follow the new accounting standard when preparing standard financial statements. Sources: The Nevada Gaming Abstract; Nevada Department of Employment, Training and Rehabilitation; Nevada Department of Taxation; Nevada Commission on Tourism; Nevada Gaming Control Board; Economic Forum and Applied Analysis.

Nevada's Changing Economy and the Impact on Casino-Hotel Revenue Distribution

2010

Chart of Casino-Hotel Revenue Distribution in 2010
2010
Gaming
56%
Rooms
17%
Food
12%
Beverage
5%
Other
10%

2019

Chart of Casino-Hotel Revenue Distribution in 2019
2019
Gaming
48%
Rooms
21%
Food
14%
Beverage
5%
Other
12%

2020

Chart of Casino-Hotel Revenue Distribution in 2020
2020
Gaming
43%
Rooms
23%
Food
15%
Beverage
7%
Other
12%

Note: Starting in fiscal year 2019, with regards to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 606 – Revenue from contracts with customers, all nonrestricted licensees (public and nonpublic organizations as defined by FASB) were required to follow the new accounting standard when preparing standard financial statements. Source: Nevada Gaming Control Board, Gaming Abstract.