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How Gaming Benefits Nevada

Tourism

Nevada casino owners and operators maintained over $63 billion in fixed assets as of 2018, 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 2018. Fixed asset costs reflect historical tourism-related investments. Going forward, another $21 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 2,926 active gaming licensees during fiscal year 2018. Only 451 of licensees were non-restricted gaming operators. The balance included 1,977 restricted operators, 368 manufacturers and distributors, 54 slot route operators, and 76 other licensees.

Key Statistics for Nevada Gaming Operators
FY 2017 and 2018

Click here for FY 2009 through 2016
  FY 2017 FY 2018 5-Yr Growth Rate  Annual Growth Rate 
Visitation 
Visitor Volume  56,479,940 56,519,001 1.7% 0.1%
Airport Volumes  52,141,535 53,748,993 3.3% 3.1%
Vehicle Traffic Volume (Entering Nevada)  26,028,576 24,711,395 -2.4% -5.1%
Convention Attendance 6,713,169 6,824,815 4.1% 1.7%
Hotel Occupancy Rate  83.6% 83.4% 1.0% -0.2%
Hotel Room Nights Occupied  58,783,863 58,288,244 0.7% -0.8%
Hotel Room Inventory  192,017 192,326 -0.2% 0.2%
Gaming
Total Gross Gaming Revenue   $11,444,722,566  $11,812,578,783 1.6% 3.2%
Slot Machine Coin In   $108,392,716,715  $111,683,584,579 1.0% 3.0%
Number of Slot Machines  144,556 141,431 -2.2% -2.2%
Number of Table Games  5,929 5,756 1.6% -2.9%
Total Number of Licensed Gaming Operations 2,908 2,926 0.0% 0.6%
Total Number of Restricted Gaming Operations  1,957 1,977 -0.3% 1.0%
Investment and Key Operating Ratios
Non-Restricted Licensee Revenue*  $26,174,699,272  $27,107,879,852 3.3% 3.6%
Gaming Revenue   $11,109,963,417  $11,595,722,030 2.2% 4.4%
Rooms Revenue   $6,165,784,751  $6,239,824,567 5.4% 1.2%
Food Revenue   $3,890,157,739  $4,027,631,792 3.1% 3.5%
Beverage Revenue   $1,804,476,733  $1,938,358,366 3.1% 7.4%
Other Revenue   $3,204,316,632  $3,306,343,097 3.5% 3.2%
Total Fixed Asset Value (Capital Investment)  $62,308,236,849  $63,606,538,359 0.9% 2.1%
New Capital Investment   $973,858,096  $1,298,301,510 39.8% 33.3%
Net Income Before Federal Taxes and Extraordinary Items   $1,557,358,386  $(1,168,224,369) -2.8% -175.0%
  Percentage of Total Revenue  5.9% -4.3% -5.9% -172.4%
Average Daily Room Rate   $127.41  $127.09 3.3% -0.3%
Revenue per Available Room (REVPAR)  $106.52  $105.99 4.3% -0.5%
Return of Average Assets  3.4% 0.6% -23.1% -82.6%
Return on Invested Capital  7.1% 0.9% -20.2% -86.8%
Casino Hotels and Gaming Employment 176,600 174,300 -0.5% -1.3%
Casino Hotels and Gaming as a Percentage of All Employment  12.7% 12.6% -3.6% -0.7%
Major Gaming Tax Payments
Room Tax Collections  $875,191,155.00  $885,891,541.00 9.3% 1.2%
State General Fund Gaming Tax Collections  $718,019,936.00  $711,328,219.00 0.0% -0.9%
Casino/Live Entertainment  $102,080,068.00  $100,863,895.00 -4.3% -1.2%

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

1998

1998
Gaming
56%
Rooms
17%
Food
12%
Beverage
5%
Other
10%

2008

2008
Gaming
48%
Rooms
21%
Food
14%
Beverage
5%
Other
12%

2018

2018
Gaming
43%
Rooms
23%
Food
15%
Beverage
7%
Other
12%

Source: Nevada Gaming Control Board, Gaming Abstract.