Casino taxes and fees collected by Nevada during the state’s most recent fiscal year exceeded economic forecasts, according to data from gaming regulators. However, collections are down slightly through the first couple of months in the current fiscal calendar due, in part, to the inherent volatility of casino games and a marginal decline in summer visitation.
In fiscal year 2024, which ended on June 30, Nevada collected more than $1.23 billion from casino-related taxes and fees, a 4.75 percent increase over fiscal year 2023 and 4.8 percent higher than projected. Taxes on gross gaming revenue — which represents the largest portion of what the state collects from casinos — was nearly $997.7 million in FY ‘24, up 3 percent from the previous year.
