Nevada Gaming Control Board’s (NGCB) Nevada Gaming Abstract 2024 shows that the 307 state casinos that gross $1m or more generated total revenues of $31.5bn in the year to 30 June 2024. This amount includes not just gaming revenue but also rooms, food, beverage, and other attractions. The $31.5bn figure was up 5.7% compared to the previous period to 30 June 2023.
In FY 2024, Nevada’s casinos posted $2.6bn on net income, which is the amount retained by casinos after expenses have been paid but prior to deducting federal income taxes and prior to accounting for extraordinary expenses. This was down compared to $3.4bn generated in the year to June 2023.
Gaming revenue accounted for $11.3bn, or 35.8%, of total revenue. This was up on FY 2023, $10.9bn was generated, however that accounted for 36.6% of total revenue.
Clark County – which includes the Las Vegas Strip – had 179 casinos grossing $1m or more in gaming revenue during FY 2024. These generated combined net income of $2.3bn, which was down more than 20% on FY 2023. Total revenues from Clark County were at $28.5bn.
One of the 14 markets statewide monitored by the NGCB showed a net loss for the 2024 fiscal year. South Lake Tahoe reported a net loss of $30.4m from total revenue of $389.0m, $172.6m of that from gaming.
Nevada’s 307 casinos paid $1.2bn in gaming taxes and fees in FY 2024, equating to 10.3% of their gaming revenue. In FY 2023 the casinos paid $1.0bn in taxes, which was 10% of gaming revenue.
The average number of employees during the year was 148,967, which was up by 4.2% compared to FY 2023.
