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Fun With Casino Facts

January 30, 2013 at 3:24 PM | by | Comments (4)

Every year, the state of Nevada releases raw data about how the casino business did the previous year. The Nevada Gaming Abstract is a public document that anyone can read. The information is fascinating and helps explain why casinos operate the way they do. The document covers the entire state of Nevada, but we'll focus on Clark County since that's where Las Vegas is located. Here's the breakdown:

43.3% of casino revenue comes from gaming
21.5% of casino revenue comes from hotel rooms
22.2% of casino revenue comes from food and beverage (combined)

63.7% of gaming revenue comes from coined operated machines (slot machines and video poker)
32.4% of gaming revenue comes from "the pit" a.k.a. table games including Bingo and Keno
1.6% of gaming revenue comes from poker
1.5% of gaming revenue comes from sports betting
.7% of gaming revenue comes from the race book

19.9% of hotel room revenue comes from comp rooms
18.9% of food revenue comes from comp meals
37.5% of beverage revenue comes from comp beverages
The most hotel rooms were occupied in July and October
The least hotel rooms were occupied in December and November

There's even more detail in the full document and, rather than dissect, analyze and manipulate the data, we'll look at one of the more simple pieces of information to help plan for a Vegas vacation. Prices are based on demand for rooms and, since more rooms are occupied in July and October than any month, we can expect room rates to be higher in those months than the rest of the year. Conversely, if you're looking for a less expensive Vegas vacation, look to book in early November and early December.

[PHOTO: Las Vegas Strip on Foursquare]

Comments (4)

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Maybe I shouldn't be surprised...

..But I honestly thought the sports books brought in more revenue than that.

And possibly a stupid question, but what does it mean that "19% of hotel revenue comes from comped rooms"?  Is that the money that comes out of the casino's bucket of cash, paid to the hotel, to cover the comp?

@JavaDuke

Sportbooks have always been this low. It's seen as an amenity more than a revenue maker.

RE: 19% of hotel revenue comes from comped rooms - All "free goods" have a value on paper. That's the value that shows how much they give away in free rooms.

Harmon, up or down?

Here's another interesting casino fact. It is our understanding that MGM properties is arguing that the Harmon, at its current height, is safe and there is no reason to tear it down.  More to come. . .

@jj2

I've heard the same since day one. Evidently MGM doesn't see it making money and just wants to get rid of it.

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