Nevada is one of the top tourist states in the country and it isn’t difficult to figure out what brings people there in droves every year. Nevada is recognized to function as Freebet the gaming capitol of the world. In 2007 Nevada casinos generated $11. 8 thousand of the state revenue. So, would Nevada be viable without income from casinos?
The next largest source of revenue for Nevada is mining. The most valuable nutrient mined in Nevada is gold. In 2004 6. 8 million oz . of gold was mined, with an estimated value of $2. 84 thousand. Arriving at a remote second is silver, in which 10. 3 million oz . were mined garnering an amount tag of $69 million. Despite these high numbers, mining is very costly in Nevada and the yield is extremely sensitive to world item prices.
Livestock is another contribution to Nevada’s economy. In 2006 it was estimated that Nevada was home to 500, 000 head of livestock and 60 to 70, 000 head of lambs. The vast majority of Nevada’s farmland is used to grow existen to feed the livestock.
Other sights in Nevada add the Admiral Dam and Lake Tahoe. While both are highly visited areas, neither has the economic pull of the casinos. Admiral Dam facility tours do manage to bring in a considerable amount of money. Dam tours usually will take in between $40 to $80 per person. If other Nevada stops are included on the tour, ticket revenues will be even higher.
Dwelling on the California and Nevada line, Lake Tahoe has proven that it can stand as a tourist attraction alone. In fact, many people come from not only California and Nevada, but from around the world to view the breathtaking views and stay at its state of the art snowboarding resorts. Snowboarding resorts are a goldmine of profit. From lodging and restaurants to skiing equipment rental and lift ticket fees, you would be pushed not to make money.
So, with all the mining, agriculture and other tourist activities, the question remains. Would Nevada be viable without income from casinos? One must consider the other venues that the casinos are home to. Most casinos are associated with a major hotel. Those hotels often are host to an array of entertainment expositions. Do some people plan their trip to Nevada for the sole function of seeing a particular artist or act? Surely there are some, but would the performer even book there if it was not for the huge pull of the casino traffic?
Of course, there are some performers who call Nevada home and choose to perform only there. These mainstays in Nevada generally have very loyal fans that pay to see them again and again. On a much smaller scale, Branson, Missouri has used a lot of this same style of live-in acts and entertainers. The economy for this Midwestern region has been growing each year, mostly due to its entertainment based atmosphere; and there’s no casino in sight.