• Boyd Gaming average operating margin for 2023 was 26.57%, a 2.57% decline from 2022.
• Boyd Gaming average operating margin for 2022 was 27.27%, a 19.5% decline from 2021.
• Boyd Gaming average operating margin for 2021 was 22.82%, a 986.67% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.