Nevada reports $90bn in tourism revenue for 2022

April 24, 2023
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Gaming locations contributed heavily, with 320 in Nevada and 459 gaming licences.

The Nevada Resort Association has released its report on the state’s tourist industry in 2022. It is reported that the industry generated more than $90bn in revenue in 2022, showing positive growth over the last few years.

The Nevada Gaming Fact Book, also known as ‘The Facts,’ a yearly report offering insights and statistics into the Nevada Gaming Industry, and demonstrates the impact it has on the state’s economy.

It reports the tourism industry is the biggest employer and taxpayer in the state and that 27.9% of jobs in Nevada are in the tourism industry, totalling around 386,000 jobs.

The Facts also reports that out of this total revenue, $15bn came from gaming, with there being 329 gaming locations in Nevada and 459 gaming licences.

This report offers a clear reflection on how the tourism industry impacts the state’s economy, generating 35% of the state’s general fund.

There are plans to make further investment into the gaming industry in 2023, with planned investment of $23bn, $20bn in Southern Nevada and $3bn in Northern Nevada.

This shows that the revenue of $90bn is just the start and the state of Nevada is hopeful of expanding upon this revenue in 2023

It has been suggested that the industry has not yet fully returned since the Covid-19 Pandemic, in terms of visitor volume, convention attendees, hotel occupancy and other factors. However, this report is a hugely promising sign of growth.

 

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