This Hotel Interactive article offers some great data about the Las Vegas Casino scene in terms of economic impact. As you’d think it’s a staggering cash flow – some 2.1 billion profit on 24 billion in revenues from the 274 properties in Nevada reporting more than a million in profit for the year.
Here are some notable items from this report:
Gaming accounts for 49% percent of total revenue = $11.8 billion.
Rooms = 20% = $5 billion
Food = 14%
Average revenue per casino hotel resort was $88 million (!).
Casinos paid $928 million in state gambling tax and license fees (!).
Slot machines accounted for 67% of gaming revenue.
Poker accounts for only 1.4 percent of gaming revenue.
The Las Vegas Strip: $14.9 billion revenues and profits of $1.25 billion.
Downtown Las Vegas: $1.2 billion in revenue and a profit of $140.6 million.
Hey, here’s my brief Las Vegas History based on the PBS show about Las Vegas.