![]() ![]() However, don’t shed tears for gambling joints. That generates a lot of tax money, and it’s the main reason we have no income tax in Nevada.Ĭheck, and you’ll see that the profit margin for casinos is way below other businesses like jewelry stores, banks, clothing retailers and the like. Casinos have to pay taxes on their “gross”-in other words, on the 5.5%. Most businesses get to deduct their expenses before paying taxes on what’s left (the “net”). While the average Reno casino makes 5.5% percent on the slots, remember that these numbers are before expenses like salaries, benefits, insurance and the light bill. Table games offer the same odds across the country, depending on the rules. Before you declare that the Strip owners should be jailed, know that their payback percentage is, more or less, about the same as the rest of the country. ![]() While that doesn’t sound like much of a difference, another way to phrase it is that the slots in Reno are more than 30% looser than those on the Las Vegas Strip. That compares to the entire state (including Reno) keeping 7.16%, and the Las Vegas Strip raking in 8.14% (just a 91.86% payback). In other words, the casino kept 5.49% of the money wagered. Overall, the Reno paybacks on slot machines for all of 2022 were 94.51%. Some reports show the individual properties, but Nevada only breaks it down by geographical area. The Nevada Gaming Control Board, and similar agencies in just about every other state, publish the casino hold percentages by game type. ![]()
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