Why Is Gambling Important To Nevada
- Nevada Gambling History
- Why Is Gambling Illegal
- Nevada Gambling Laws
- Gambling Legalized In Nevada
- Nevada Gambling Age
21 Things You Need To Know About Nevada Before You Move There. From desert to snow, aliens to ghosts, find out what makes Nevada so much more than just where “The Hangover” happened. Along with their lenient laws on gambling, marriage and divorce, Nevada also collects no income taxes. Since they don’t collect income tax, the state can. US Gambling Laws and Online Regulation. But in terms of the modern online gambling debate, the most important part is Section 3702. “It shall be unlawful for a governmental entity to sponsor, operate, advertise, promote, license, or authorize by law or compact, or a person to sponsor, operate, advertise, or promote, pursuant to the law.
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% |
Nevada Gambling History
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
Why Is Gambling Illegal
Blackjack elastomeric reflective roof coating. 1998
| 1998 | |
|---|---|
| Gaming | 56% |
| Rooms | 17% |
| Food | 12% |
| Beverage | 5% |
| Other | 10% |
Nevada Gambling Laws
2008
Gambling Legalized In Nevada
| 2008 | |
|---|---|
| Gaming | 48% |
| Rooms | 21% |
| Food | 14% |
| Beverage | 5% |
| Other | 12% |
2018
| 2018 | |
|---|---|
| Gaming | 43% |
| Rooms | 23% |
| Food | 15% |
| Beverage | 7% |
| Other | 12% |
Nevada Gambling Age
Source: Nevada Gaming Control Board, Gaming Abstract.