What is Las Vegas Sands's united states — gaming taxes?

Las Vegas Sands (LVS) reported united states — gaming taxes of $0 in Q1 2026.

What does united states — gaming taxes mean?

This metric represents the mandatory taxes and fees paid to government authorities based on the gaming revenue generated by the United States segment. These are non-discretionary costs that directly impact the profitability of gaming operations. It is a key indicator of the regulatory and tax environment in the jurisdictions where the company operates.

Las Vegas Sands LVS United States — Gaming taxes

Similar metrics at other companies

CHDNGaming — Gaming Taxes

$75M+4.2%

BAL

BALYNorth America Interactive — Gaming tax

$16.36M+81.6%

PENNInteractive — Gaming taxes

$234.4M+39.0%

BAL

BALYCasinos & Resorts — Gaming tax

$59.92M+105%

CZRRegional — Gaming Taxes

$320M+6.3%

CZRManaged And Branded — Gaming Taxes

$0—

Other financials

Income statement

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Revenue$3.6B+25.3%

Operating income$904.0M+48.4%

Net income$567.0M+61.1%

EPS (diluted)$0.85+73.5%

Balance sheet

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Cash & equivalents$3.5B+9.3%

Total debt$17.5B+4.2%

Total equity$1.2B-55.6%

Total assets$21.2B-0.3%

Cash flow

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Operating cash flow$731.0M+39.0%

CapEx$194.0M-48.8%

Free cash flow$537.0M+265%

Valuation

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Market cap$31.22B+3.7%

Enterprise value$45.32B+4.7%

P/E17×-4.4×

P/S2.3×-0.3×

Profitability

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Operating margin22.7%+2.2pp

Net margin13.4%+1.8pp

FCF margin17.1%+5.8pp

Returns & leverage

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Return on equity94.5%+55.3pp

Debt / equity14.6×+8.4×

Current ratio0.9×+0.3×

Where this comes from

Reported directly by Las Vegas Sands in its filing.

Tagged under the XBRL concept lvs:TaxesOnGamingRevenue.

The official record: Las Vegas Sands’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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What is Las Vegas Sands's united states — gaming taxes?: Las Vegas Sands (LVS) reported united states — gaming taxes of $0 in Q1 2026.
What does united states — gaming taxes mean?: This metric represents the mandatory taxes and fees paid to government authorities based on the gaming revenue generated by the United States segment. These are non-discretionary costs that directly impact the profitability of gaming operations. It is a key indicator of the regulatory and tax environment in the jurisdictions where the company operates.