Las Vegas, often called the city that never sleeps, is one of the busiest travel destinations in the US. This bustling area might be the ideal place to plant your business seeds, especially if you cater to tourists.
Being a tourist mecca, Las Vegas can bring lots of money to those in the entertainment, culinary, and service industries. Craft the right plan, and you could find yourself living a profitable life here.
We’re about to decode the question on many minds: How much money does Vegas make a day?
Keep reading for an economic tour of a city where you might be starting fresh.
How Much Money Does Vegas Make a Day?
While it’s hard to estimate the exact number, there’s no denying that casinos bring in a huge portion of the daily revenue. If planning a trip to Vegas is on your mind, visiting a casino is likely part of your agenda, signaling their impressive earning power.
Average Las Vegas Casino Earnings
According to Forbes, in 2022, Vegas casinos brought in over $14 billion. That’s an average of $40 million per day!
This figure is a 10.5% increase from the previous year’s revenue. The main source of these earnings? You guessed it: gambling in Nevada.
How Las Vegas Earns Beyond Casinos
Non-gaming amenities like concerts, magic shows, and circus performances contribute to the revenue streams of Las Vegas. Las Vegas shows, like Celine Dion’s “A New Day,” play a significant role in attracting tourists, thereby increasing earnings.
Launching a Successful Business in Vegas
Your first job will be to hash out a business plan. Investors will want to see this document. Include your expenses, projected earnings, and unique selling points.
To operate a casino in Vegas, you’ll need gaming licensing. It’s a stamp of approval from the Nevada Gaming Control Board and Nevada Gaming Commission. Your business plan must convince them that your casino will be compliant.
Next, find a great location. The spot you choose should have tons of people. The Las Vegas Strip is a good choice; it’s extremely popular.
Once money and location are squared away, it’s time to design your casino. Are you imagining glitzy glamor, something classy, or a theme based on popular movies? You can start a rough draft of your design using 3D modeling software like SketchUp or Revit.
The last step is to hire awesome people. Casino Careers is a job board and recruitment resource dedicated to the gaming and hospitality industry. Posting a job here will attract more skilled applicants.
Gaging Economic Opportunities in Las Vegas
Vegas’ daily earnings are driven by casinos, even if one can’t pinpoint “how much money does Vegas make a day.” In 2022, casinos earned around $40 million per day-mostly from gambling.
You can tap into this exciting economy. Launching a casino here includes outlining a solid plan, acquiring a gaming license, and finding the perfect location.
The opportunities in Vegas are immense, and now you have a better understanding of what makes this city so prosperous. For additional insights on business ventures in Vegas or anywhere else in the world, check out our startup section.
