Nevada casinos earned $1.3 billion in 2004

Nevada casinos generated $1.3 billion in net income from total revenues of $19.6 billion during fiscal 2004.

The numbers are contained in the annual Nevada Gaming Abstract. There are 258 casinos in the state which grossed $1 million or more in the year ending June 30, 2004. Gaming revenue accounted for half of the total - $9.88 billion. And those 258 casinos paid a total of $816.4 million in taxes and fees.

Total revenue includes all money spent by customers on gaming, rooms, food, beverages and other such attractions.

The majority of those casinos are in Clark County, where 155 casinos generated $1.2 billion from $16.5 billion in total revenues.

Washoe County had 39 casinos with a combined net income of $41.9 million on revenues of $1.79 billion.

The four large South Shore casinos at Tahoe generated $34.9 million net income while 17 casinos in Elko produced $14.7 million.

There are 11 Carson Valley casinos - which includes the valley portions of Douglas as well as the capital. Their net income was just over $3 million in fiscal 2004.

According to the abstract, there were 75 publicly owned casinos grossing $12 million or more in gaming revenue during fiscal 2004. Those casinos, owned by 22 public corporations, accounted for 78.6 percent of total statewide gaming revenues.


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