Additionally, the leisure and hospitality sector accounted for roughly 40 p.c of the state’s general fund, Hill mentioned. "Nevada is more dependent on tourism and hospitality than Alaska is on oil or Montana is on coal or Michigan is on the auto business. To compare, tourism represented about sixteen % of Nevada’s whole financial output in 2018, whereas Hawaii got here in second at 10 p.c - no other state in the country had a tourism GDP of greater than 6 percent, in response to PEW knowledge. Last week, Caesars furloughed ninety % of its home workforce. How lengthy you want the money to last? Robinson mentioned that the help from the federal government with the extra funding in the Cares Act will help keep money in the pockets of staff who misplaced their jobs, however, the real concern lies with the companies and whether they will have the ability to financially get well.
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