The Nevada Gaming Control Board has released its “NEVADA GAMING ABSTRACT – 2022.” 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, 2022 (FY 2022).
During FY 2022, there were 296 casinos in Nevada which grossed $1 million or more in gaming revenue. Together, these casinos generated net income of $4,125,624,034 from total revenues of $26,363,588,655. These results compare favorably to FY21 when a net loss of -$206,434,123 was recorded on total revenues of $16,122,303,401. “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 $10,664,635,535 or 40.5% of total revenue. These 296 casinos paid $1,048,450,027 in gaming taxes and fees, equating to 9.8% of their gaming revenue.
On a county-by-county basis, Clark County had 170 casinos grossing $1 million or more in gaming revenue during FY 2022, which generated combined net income of $3,566,412,543 from total revenues of $23,454,615,615. Washoe County had 31 casinos which reported combined net income of $372,755,961 from total revenues of $1,632,283,086. Elko County had 21 casinos with $144,872,637 in combined net income. South Shore Lake Tahoe in Douglas County with 6 licensees reported a net loss of -$78,152,640. Carson Valley Area with 15 casinos generated net income of $48,621,403. The balance of the state had 53 casinos earning $71,114,130 in combined net income.
In FY 2022, 56 casinos owned by public companies accounted for 67.8% 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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