Nevada reporting huge casino profits
The recent reports of the
casinos in Nevada show that the profit from revenue for 2006 has
risen almost 9% compared to the year before. The dollar amount
of the profits for 2006 by the casinos was $2.1 billion, with
the famous Las Vegas Strip accounting for more than half of it.
The total revenue generated by the casinos was a little over $24
billion. The state got a cut of a little over $928 million in
the form of gambling taxes and licenses.
In the casino, the slots are
still the king of profits - accounting for over 67% of the total
revenue. Poker rooms, although most popular, have the smallest
share of close to 1.5%.
The numbers for year 2007 will
look even better, according to some analysts. This could due be
in part to the efforts of the US DOJ to rid of online gambling
and bring the tax money lost to Internet gaming back to the
pockets of the local land based casinos.