Nevada Gaming Control Board: Nevada Gaming Abstract

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The Nevada Gaming Control Board has released its “NEVADA GAMING ABSTRACT – 2020.” The ABSTRACT is a report of combined financial information regarding Nevada gaming licensees grossing $1 million or more in gaming revenue during the fiscal year ended June 30, 2020 (FY 2020).

During FY 2020, there were 267 casinos in Nevada which grossed $1 million or more in gaming revenue. Together, these casinos generated net income of $2,893,142,737 from total revenues of $18,348,234,892. These results are improved compared to FY19 when net income of $2,055,525,922 was recorded on total revenues of $24,546,009,009. “Total revenue” is the money spent by patrons on gaming, rooms, food, beverage, and other attractions. “Net income/loss” is the money retained by casinos after expenses have been paid but prior to deducting federal income taxes and prior to accounting for extraordinary expenses. Gaming revenue accounted for $6,746,883,467 or 36.8% of total revenue. These 267 casinos paid $693,999,763 in gaming taxes and fees, equating to 10.3% of their gaming revenue.

On a county-by-county basis, Clark County had 157 casinos grossing $1 million or more in gaming revenue during FY 2020, which generated combined net income of $2,912,541,800 from total revenues of $16,298,422,043. Washoe County had 33 casinos which reported combined net income of $21,290,888 from total revenues of $1,166,315,584. Elko County had 17 casinos with $11,933,545 in combined net income. South Shore Lake Tahoe in Douglas County with 6 licensees reported a net loss of $65,861,830. Carson Valley Area with 15 casinos generated net income of $3,758,939. The balance of the state had 39 casinos earning $9,479,395 in combined net income.

Net Income/

% Change

Total

% Change

Gaming

% Change

Area

Loss

from FY 2019

Revenue

from FY 2019

Revenue

from FY 2019

Statewide

$2,893,142,737

40.7%

$18,348,234,892

-25.2%

$6,746,883,467

-23.0%

Clark County

$2,912,541,800

54.9%

$16,298,422,043

-25.8%

$5,773,824,541

-23.4%

Las Vegas Strip

$2,740,220,338

162.1%

$12,126,708,964

-26.7%

$3,387,496,073

-24.2%

Downtown Las Vegas

$21,914,582

-87.8%

$932,318,182

-23.7%

$436,238,178

-23.3%

Laughlin

-$13,059,417

-113.6%

$530,828,762

-25.6%

$277,343,919

-27.9%

Boulder Strip

$81,765,488

-61.5%

$879,342,448

-23.0%

$557,683,971

-22.1%

Balance of County

$81,700,809

-76.5%

$1,829,223,687

-22.3%

$1,115,062,400

-20.5%

Washoe County

$21,290,888

-83.4%

$1,166,315,584

-19.4%

$474,929,043

-22.0%

Reno/Sparks

$13,229,233

-88.0%

$1,039,760,602

-19.9%

$409,636,693

-23.2%

South Shore Lake Tahoe

-$65,861,830

18.4%

$283,292,673

-19.9%

$131,274,877

-16.0%

Elko County

$11,933,545

-79.6%

$316,825,925

-23.1%

$181,095,570

-17.7%

Wendover

$18,466,340

-63.4%

$201,775,837

-21.2%

$113,950,499

-14.7%

Carson Valley Area

$3,758,939

-71.6%

$122,862,793

-19.9%

$79,340,643

-18.9%

Balance of State

$9,479,395

-68.8%

$160,515,874

-22.5%

$106,418,793

-21.2%

 

In FY 2020, 61 casinos owned by public companies accounted for 71.0% of the total gaming revenue generated statewide during the fiscal year.

In addition to providing combined balance sheets and income statements, the GAMING ABSTRACT includes data concerning average number of employees, rate of room occupancy, revenue earned per room per day, gaming revenue earned per square foot of gaming floor space, and various ratios. Data is also combined into totals representative of casinos statewide with rooms and casinos statewide owned by publicly held corporations.

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