Sign Up For Card Player's Newsletter And Free Bi-Monthly Online Magazine

BEST DAILY FANTASY SPORTS BONUSES

Poker Training

Newsletter and Magazine

Sign Up

Find Your Local

Card Room

 

Top-Performing Nevada Casinos Down $1.21 Billion In Fiscal Year 2012

Silver State Gambling Properties Have Expenses Greater Than Income

Print-icon
 

Nevada’s top casinos reported that they were down $1.21 billion collectively in fiscal year 2012, according to a financial report just released by the state Gaming Control Board.

“Departmental Income” of more than $9.06 billion minus “Total General and Administrative Expenses” of about $10.28 billion resulted in the loss.

Income included more than just gaming. It factors in room, food, beverage and so on.

Money won from gamblers was nearly $10.3 billion.

The report was only for the state’s casinos which take in more than $1 million in revenue annually. The number of brick-and-mortars in that category is 256.

Fiscal year 2012 ended June 30.

The $1.21-billion loss was down from nearly $4 billion is fiscal year 2011.

For comparison, fiscal year 2012 saw Nevada’s top casinos take in $22,976,587,493 in total revenue, while fiscal year 2011 was $22,012,064,316.

For a look at Nevada gaming financial reports dating back to 1990, click here.