• Red Rock Resorts average gross margin for 2023 was 64.1%, a 1.45% decline from 2022.
• Red Rock Resorts average gross margin for 2022 was 65.04%, a 0.96% decline from 2021.
• Red Rock Resorts average gross margin for 2021 was 65.67%, a 28.56% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.