Nevada’s major casinos generate over $2 billion in net income | TahoeDailyTribune.com
YOUR AD HERE »

Nevada’s major casinos generate over $2 billion in net income

Geoff Dornan
Nevada Appeal

The 290 Nevada casinos with more than $1 million in gross gaming revenue generated just over $2 billion in net income during fiscal 2019.

According to the 2019 Nevada Gaming Abstract, those casinos brought in total revenues of $24.55 billion. That represents the money patrons spent on gaming, rooms, food, beverages and other attractions. Net income is the money the casinos had left after paying expenses but before federal income taxes and extraordinary expenses.

Those casinos paid $892.3 million in gaming taxes and fees — a rate of 10.2% of gaming revenue.

Of those casinos, 169 are in Clark County. They brought in $1.88 billion.

Washoe County is home to 34 of those casinos generating $128.3 million and Carson City with 15 casinos generated net income of $13.2 million.

Elko County has 19 casinos generating a net of $58.4 million.

South Shore at Lake Tahoe’s seven casinos, however, suffered a net loss of $55.6 million.


Support Local Journalism

Support Local Journalism

Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User