Search  |  Sign up for Emails

How Gaming Benefits Nevada

Tourism

Nevada casino owners and operators maintained over $61 billion in fixed assets as of 2016, the highest level on record for the industry and a culmination of substantial investments spanning the 1990s and 2000s. Fixed asset costs stabilized after 2010, with little to no growth through 2016. Fixed asset costs reflect historical tourism-related investments. Going forward, another $14 billion of future investments are either under construction or planned for future development as of the date of this publication. These investments are expected to generate new construction jobs as well as additional personal income and output within the industry and throughout the state’s economy.

Nevada reported 2,941 active gaming licensees during fiscal year 2016. Only 457 of licensees were non-restricted gaming operators. The balance included 1,981 restricted operators, 366 manufacturers and distributors, 53 slot route operators, and 84 other licensees.

Key Statistics for Nevada Gaming Operators
FY 2015 and 2016

Click here for FY 2009 through 2016
FY 2015 FY 2016 5-Yr
Growth Rate
Annual
Growth Rate
VISITATION
Visitor Volume 53,847,396 55,834,165 1.5% 3.7%
Airport Volumes 47,402,824 50,542,786 1.9% 6.6%
Vehicle Traffic Volume (Entering Nevada) 30,770,229 29,327,327 2.9% -4.7%
Convention Attendance 5,600,790 6,653,151 4.0% 18.8%
Hotel Occupancy Rate 81.2% 82.5% 0.9% 1.6%
Hotel Room Nights Occupied 57,328,830 58,389,715 0.8% 1.9%
Hotel Room Inventory 193,484 193,283 -0.2% -0.1%
GAMING
Total Gross Gaming Revenue $11,048,646,914 $11,121,414,593 0.8% 0.7%
Slot Machine Coin In $106,250,489,218 $106,849,209,199 0.0% 0.6%
Number of Slot Machines 152,162 154,996 -2.3% -2.9%
Number of Table Games 6,151 6,009 -1.3% -2.3%
Total Number of Licensed Gaming Operations 2,961 2,941 0.1% -0.7%
Total Number of Restricted Gaming Operations 1,994 1,981 -0.2% -0.7%
INVESTMENT AND KEY OPERATING RATIOS
Non-Restricted Licensee Revenue* $24,591,388,351 $25,234,883,987   2.6%
Gaming Revenue $10,622,398,618 $10,760,756,016 0.9% 1.3%
Rooms Revenue $5,403,219,010 $5,829,851,047 4.3% 7.9%
Food Revenue $3,756,031,464 $3,871,751,533 2.3% 3.1%
Beverage Revenue $1,724,946,447 $1,730,949,389 1.2% 0.3%
Other Revenue $3,084,792,812 $3,041,576,002 1.1% -1.4%
Total Fixed Asset Value (Capital Investment) $60,454,171,478 $61,334,378,753 0.5% 1.5%
New Capital Investment $(750,106,744) $880,207,275 n/a n/a
Net Income Before Federal Taxes and Extraordinary Items $(661,779,138) $978,956,175 n/a n/a
Percentage of Total Revenue -2.7% 3.9%
Average Daily Room Rate $115.87 $120.50 5.5% 4.0%
Revenue Per Available Room (REVPAR) $94.09 $90.63 6.5% 5.7%
Return on Average Assets 2.0% 3.3%
Return on Invested Capital 3.7% 6.3%
Casino Hotels and Gaming Employment 181,433 195,000 0.1% -2.3%
Casino Hotels and Gaming as a Percent of All Employment 14.6% 13.9%
MAJOR GAMING TAX PAYMENTS
Room Tax Collections $664,381,683.06 $728,137,614.74 7.7% 9.6%
State General Fund Gaming Tax Collections $722,547,713.00 $708,670,149.00 0.7% -1.9%
Casino/Live Entertainment $130,846,679.00 $111,682,171.00 -3.1% -14.6%

Note: *Non-restricted licensee revenue with gaming revenues of $1 M+.  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

1996

1996
Gaming
58%
Rooms
16%
Food
12%
Beverage
5%
Other
9%

2006

2006
Gaming
49%
Rooms
20%
Food
14%
Beverage
5%
Other
12%

2016

2016
Gaming
43%
Rooms
23%
Food
15%
Beverage
7%
Other
12%

Source: Nevada Gaming Control Board, Gaming Abstract.