The Economic Contributions of the Gaming and Resort Industry are Second to None
The tourism industry was responsible for over $90 billion in total economic output during 2022. Although employment in the industry is still recovering from the COVID-19 pandemic, the industry was responsible for supporting over 385,000 jobs and more than $21 billion in wages and salaries. Overall, the tourism industry's impact is roughly 43 percent of the state's total gross domestic product, 23 percent of the state's total wages and salaries and 27 percent of the state's employment.
The gaming and resort industry is Nevada's most vital sector, supporting more jobs, paying more wages and salaries and generating more economic output than any other sector.
Total Economic Impact
43% of state's total gross domestic product
23% of state's total wages and salaries
27% of state's total employees
The Leisure & Hospitality Industry is the Largest Employer in Nevada
The leisure and hospitality sector directly employs 330,000 people. While the overall count of employees is still down from pre-pandemic levels, recovery is expected to continue.
Nevada Employment Distribution
Fiscal Year 2022
The Ripple Effect of Employment Through Other Industries is Impressive
The tourism industry's reach extends into other sectors of the economy, ranging from professional and business service employees to transportation providers.
Resorts Spend More on Health Insurance Than Any Other Industry in Nevada
The tourism industry is responsible for not only the largest number of employees in the state, but it also insures the largest number of employees in Nevada. Overall, the leisure and hospitality sector spends more than $4,000 per employee annually on health insurance.
Total Payroll Expenses
Total Payroll Wages and Salaries
78.6% of payroll expenses
Total Payroll Employee Benefits
21.4% of payroll expenses
Resorts Continue to Become Less Dependent on Gaming
Gaming revenues are at an all-time high in Nevada; continuing this pace appears unsustainable as stimulus funding subsides and economic concerns loom on the horizon. Nevada experienced the largest increase in gaming revenue in history, reaching a historical peak of $14.6 billion in fiscal year 2022.
Despite impressive activity, resorts are less dependent on gaming than a decade ago. Although gaming revenues trended north in 2022, the industry itself continues to diversify, offering a wider range of amenities and experiences for consumers.
Gaming Revenue as a Share of Total Revenue
Share of Total Revenue
Tourism's Rebound is Accelerating the State's Broader Economic Recovery
Despite overall visitation lagging pre-pandemic levels, Nevada is experiencing all-time highs in terms of airport passenger volumes, average daily room rates and consumer spending.
All-Time Highs During the Recovery
LAS Airport Passenger Volume
Average Daily Room Rates
The Resort Industry Funds More Public Services Than Any Other Industry in Nevada
The tourism industry is responsible for roughly $2.1 billion in industry-specific taxes and fees that support state and local governments.
Industry Impact on State General Fund
Total General Fund Tax Revenue
Hotel-Casino Industry Contributions
Hotel-Casino Industry Share of Total
The Industry's Contributions Ensure a Low-Cost Operating Environment for All
Nevada residents benefit from the tourism industry and its fiscal contributions by reducing each household's tax burden by approximately $2,700.
Although visitors contribute substantially to Nevada's overall public funding, they do not require the same resources as full-time residents.
Tax Burden Reduction
The Resort Industry is Responsible for Nearly $23B of Capital Investments on the Horizon
Southern Nevada has $20 billion of tourism-related investments either planned or under construction, and Northern Nevada plans to invest an additional $3 billion. New investments help to stabilize the economy and create jobs.
Nevada's Tourism Development Pipeline
Planned and Under Construction Tourism Investment Expenditures
Planned and Under Construction Tourism Investment Projects
Share of Projects Located in Las Vegas