If you want to learn more about how Las Vegas turned into the casino-filled tourism center it is today, take a Las Vegas Strip Walking Tour. MGM Properties, the highest taxpayer, paid $3.56 billion in property taxes alone. This tax revenue comes on top of the high property taxes that hotel-casinos pay. In 2020, casinos in Las Vegas and other parts of the state brought in $1.33 billion in tax revenue and another $44 million in other revenue for the government. This decision to legalize gambling has paid off. Today, Nevada is one of only two states that have legalized gambling statewide, the other being Louisiana. Today, the casinos in Las Vegas are a huge source of tax revenue for the government, which is why they’re open to so many operating in the city. However, as gambling picked up in the state and Las Vegas became the most popular destination for people to gamble and spend money on other entertainment, the economy picked up. Nevada relied heavily on mining before the start of the depression, but the mines were no longer producing as much revenue as they were before. ![]() Nevada was hit hard during the Great Depression. (See Also: Why Are So Many Things Legal in Las Vegas?) The state legislature decided to do this to help the economy rebound after the Great Depression. On March 19, 1931, Nevada legalized gambling throughout the entire state.
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