How Much Can a Full-Time Rideshare Driver Make in Las Vegas? (2024)

Harry here. A lot of people get into rideshare looking to make a few hundred bucks a week, which is great. But unlike other jobs, there is a lot of variability with this line of work and the top drivers can make significantly more than the bottom. Today, RSG contributor (and spreadsheet master) Bill Tesauro examines what a top driver in the Las Vegas market can make. And believe it or not, this Vegas driver actually makes most of his money with Lyft, not Uber.

Recently RSG readerMike Mreached out to us about his experience as a full time rideshare driver in Las Vegas, NV. Today we’d like to share his story with you alongside how his average net earnings topped $1,056 a weekover 44 weeks! That’s a total of $46,464.

Mike first became interested in Uber & Lyft about 2 years ago as a secondary income stream alongside his full time cubicle gig and night job slinging bags at McCarran Airport. But the taxi authority stepped in near the end of 2014 to shut it down. Luckily, September 2015 rolled around and rideshare was legally back!

Driving a Nissa Xterra on Friday and Saturday nights, Mike joined a legion of weekend warriors hitting the pavement to shuttle tourists around Sin City. Towards the end of NOV 2015, he bought a Hyundai Santa Fe upgrading to both UberX / UberXL / UberSelect (mo’ $$$, mo’ problems).

And with 2014 near its end… Merry Christmas / Happy Hanukkah to Mike, he’s laid off from his primary job (due to downsizing) and focuses 100% on rideshare. Mike’s net earnings topped out around $7K for all of 2015, so he had a lot of work to do in 2016.

Fare Cuts Hurt Vegas Drivers Big Time

Looking back into fare cuts, we can see that Las Vegas earnings have been decimated over the last year. Rates started at $0.30 per minute and $1.85 per mile with base fare of $4.00 (think about the tourism effect and marquee events weekly combining for surges almost every day of the week, it was a modern day gold rush). But reliable cuts progressed like clockwork every 3 to 4 months to the tune of 60%-80% across the board. As they stand today, UberX rates are damn cheap at $0.15 per minute and $0.90 per mile, but the minimum fare remains $6.70 (the only bright spot).

Once again, Mike learned that as the industry shifts around him outside of his control, it’s time to leverage tertiary sources. Being the top US destination for bachelor/bachelorette parties, strip clubs play a huge role as highly suggestive locales. Rideshare drivers know this and the club managers know this, so goes the black market pay to play kickback schemes!

Got a car full of passengers about to indulge in a night they’d prefer to forget? Why not drop them off to empty their wallet at the club paying you the most to funnel them accordingly? Mike raked in an estimated $5K over 8 months and, more formal than originally thought, they do issue payment receipts (looks like they want those taxable business expense deductions for advertising/promotions too). And in a city filled with gambling galore, lots of people carry cash, so it’s actually more common to receive tips here than other cities. Mike was averaging$100-$200 per week in tips, and that went up after heupgradedhis whip, adding various gadget chargers, scrolling LED signage, and subtle interior lighting.

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Mike expanded his reach outside of normal in-app fare requests too by accepting on-demand requests from repeat customers (NOT illegal “street hails” as undercover LVMPD transit cops issue $2.5K fines plus impound fees). While this subversion is frowned upon by both Uber & Lyft, their bonus incentive programs flood the streets full of “driver inventory” killing demand across the city, so survival mode activates for full time drivers. For Mike, the max pre-arranged fare accepted must cross the $40 mark (after Uber’s 20% cut) on UberXL/UberSelect to be worth his time (no UberX).

Circling back to driving pax to strip clubs, most clubs are open beyond 2 AM, and more well known signature clubs stay open 24 hours a day. These girls want discretion beyond what can normally be provided (as they may partake in a little moonlighting of their own…) but don’t want to break the bank either. So they enlist reliable “concierge” services of a trusted few UberX drivers to chauffeur them to/from work at ungodly hours.

How to Increase Profits in Vegas

Mike’s number one strategy is tostay away from the biggest events! This advice (to any Uber/Lyft driver) seems counter-intuitive but it makes sense. Las Vegas (if you’ve never been) keeps its patrons as safe and cordoned off as possible from the street to funnel them into various casinos / restaurants / shopping malls / hotels to empty their cash. Organized chaos seems fitting and to keep everyone lined up (same as with taxi/cab stands), event planners stage pickup areas similar to airport FIFO queues but without regard for drivers waiting (bigger fares, wasted time).

His second best suggested money maker (since Las Vegas, similar to NYC, is open 24/7) is driving between 2 AM to before sunrise weekdays/weekends as the streets are empty… quicker paths to pickups, no traffic! Also, hit the pavement after noon too as it greatly reduces airport dropoffs from the strip (trips to LAS require the most work for the least $$$ as loading/unloading a family of 4 plus bags @ $0.15 per minute kills profitability).

Lyft Strategies

To fully take advantage ofthe Lyft power driver 10%-20% bonus, you need lots of short rides. Mike will drive along Las Vegas Blvd (“the strip”) grabbing easy rides if either the 15 (N/S) or 515 (E/W) highways are jammed. Another definitive sweet spot is along Fremont Street, which on average nets between $15-$25 per ride on UberXL (groups > 4 peeps heading either downtown or to “the strip”).

“THE STRIP”

FREMONT STREET

Leveraging the GPS location based functionality of the app (meaning closest driver snags the fare at any given point), Mike “skims the strip” staying within center lanes using the UberX drivers closest to the curb as a buffer shield (they grab the cheaper fares 1st freeing him up to snag UberXL/UberSelect ONLY). To put it simply, Mike drives straight down the middle of either Las Vegas Blvd or Fremont Street upping his chances at snagging an UberXL fare since the UberX drivers hover along the right hand lane curb (ingenious)!

Lastly when returning from the Las Vegas suburbs post drop-off (dealers / bartenders / waitress), he flips both driver apps offline else you’ll experience longer requests for shorter fares. Suburb rides aren’t too profitable for Mike.

$2,500 in One Week in July

Lately he’s learned to squeeze over $2,500from the last week of July 2016. To achieve such tremendous totals, Lyft accounts for 93% of “reported” earnings due to the 20% power driver bonus plus tips.

That’s about 80 hours at $25 per hour plus $100 in tips and $400 in 20% power driver bonus! As you can gather, hustle and luck meet at the intersection of opportunity as Mike never misses a chance to grab just a little more cash. When out driving a double work week, he’s always handing out rider referral cards as well.

Interested in signing up to drive with Lyft? Click here.

In large parties of 6 passengers, the likelihood increases that someone/anyone may still not have an Uber ($5 per new user) / Lyft ($10 per new user) rider account.

What About Uber?

Mike’s best Uber weekwas the 2nd week of August 2016 at $1.5K (but only 55% of his Lyft best)! Believe it or not, Mike actually makes a lot more by driving Lyft.

Omitting cash kickbacks from strip club referrals, Lyft has become his major focus due to unlocking its potential as a full time driver. Comparative analysis aside, Lyft empirically pays better the longer you drive. Of his almost 44 weeks of driving over 2015/2016, his top 5 behind that ranged between $1.7K to $2.6K averaging 79% Lyft $$$’s. Obviously Lyft is dominating the Vegas landscape (as opposed to my hometown San Diego where Uber kills it about 3 to 1).

Lyft vs. Uber

Lyft nettedMike about $29K versus Uber’s $17.4K, a 60% profitability variance that can’t be argued against. And when driving for Uber (which cannot be avoided as platform demand follows a plotted sine wave of peaks & valleys), he’s literally working harder for less $$$.

You can see here from the data that Mike not only makes more with Lyft but also has a significantly higher per hour average with Lyft.

Click here to see a full spreadsheet of Mike’s week by week earnings.

Know Your City

Delving into the psyche of potential Uber/Lyft customers, Mike employs a basic acronym to 99% of pickups… SCGG (strippers / clubs / guns / golf). Knowing your city pays off and (again) being highly suggestive to an unprepared tourist populace. Guys/Gals heading to Sin City for regrettable nights are appreciative of knowledgeable drivers as unlimited options abound. Debaucherous tendencies are predictable as ever, especially within the confines of an adult playground.

As a full time driver working 10 hour shifts 7 days per week, when does Mike have time to eat? For starters, he skips the energy drinks and coffee that most of us thrive on (quick shout out to Starbucks). Instead he drinks green tea extract & lots of water plus prepping smaller grab-n-go meals of pure protein (raw almonds / hard boiled eggs) to keep focus. Topping out around 30K miles logged already in 2016 with 4 months left, Mike’s been eating through his car at a depreciation rate of about 3.8K miles per month. And what is Mike’s ends to justify his means? Just like the rest of us, he’s indebted to the tune of about $10G on credit cards (but paying it off quickly) and his business plan to buy a 2nd home for AirBnB while driving Uber/Lyft full time has positive cash flow written all over it.

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Readers, what do you think of this strategy driving in Vegas, and do you have a hometown strategy you’d like to share?

-Bill @ RSG

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How Much Can a Full-Time Rideshare Driver Make in Las Vegas? (2024)

FAQs

How much do rideshare drivers make in Las Vegas? ›

Uber Lyft Salary in Las Vegas, NV
Annual SalaryMonthly Pay
Top Earners$146,128$12,177
75th Percentile$146,100$12,175
Average$131,298$10,941
25th Percentile$145,200$12,100

What is the highest paying rideshare? ›

Top paying industries
  • Lyft. $56,193.
  • DoorDash. $52,949.
  • Uber. $52,664.

What is the most profitable rideshare company? ›

Uber dominates U.S. market share

Meanwhile, observed sales at Lyft are yet to reach their pre-pandemic levels as of March 2024. Notably, during its FY23 Q2 earnings call, Uber reported its first-ever operating profit and highlighted Uber Rides as the business line with the highest year-over-year revenue growth.

How do you make the most money ridesharing? ›

20 Uber and Lyft Driver Tricks to Help You Earn More on the Road
  1. Keep your car in great condition. ...
  2. Grab a phone mount and a charger. ...
  3. Invest in a dashcam. ...
  4. Look into rideshare insurance. ...
  5. Track your expenses. ...
  6. Avoid driving aimlessly. ...
  7. Get familiar with the area. ...
  8. Know where the bathrooms are.

Which rideshare app pays drivers the most? ›

Ride-Hailing and Delivery Driving Apps to Make Money
  • Lyft. Pay per hour: $17-30. ...
  • Uber. Pay per hour: $18-33. ...
  • Shipt. Pay per hour: $17-27. ...
  • Spark Driver. Pay per hour: $18. ...
  • Amazon Flex. Pay per hour: $17-21. ...
  • Roadie. Pay per hour: $17. ...
  • GoShare. Pay per hour: $20-36. ...
  • FedEx SameDay. Pay per hour: $21-32. Google Play link: 4.5 (272K reviews)

How much do personal drivers make in Las Vegas? ›

As of Jul 30, 2024, the average hourly pay for a Personal Driver in Las Vegas is $23.06 an hour.

Who pays more than Uber? ›

With that being said, a large-scale review of Lyft and Uber drivers found that hourly income for Lyft is usually around $2 more than Uber. For example, Lyft's average incomes are around $18 per hour, while Uber's average income can sometimes average as low as $15 per hour.

What is the most popular rideshare? ›

Uber is the largest ridesharing company. It also offers a variety of mobility solutions including Uber Eats for food delivery, Uber Connect for same-day deliveries and Uber Business.

Is rideshare a good side hustle? ›

Overall, being a part-time Uber driver allows you to create your own schedule and earn extra money on your own terms. It's a great option for anyone looking for a flexible side hustle.

Why is ride sharing not profitable? ›

So why the loss? In short, legal settlements, stock holdings in other companies, and fewer rides in key markets like Latin America. All of these factors have the appearance of being unrelated to Uber's business of delivering people and goods — but they are also extremely reflective of the company's core business model.

What is the best rideshare company to work for? ›

Lyft Drivers is most highly rated for Work/life balance and Uber is most highly rated for Work/life balance.

What is the safest rideshare company? ›

Ridesharing has come a long way over the last few years, and while apps like Uber and Lyft are usually safe, it's important to keep security in mind — whether you're a passenger or a driver. Luckily, taking a few simple precautions can help you get to your destination safely.

Can I make $300 a day with Uber? ›

Driving for popular rideshare companies like Uber and Lyft is one of the most popular ways to make upwards of $300 in a day. When events are occurring in major metro areas, pricing surges translate to major payouts. Strategically driving during peak times and in busy locations is key.

Can I make 100k a year with Uber? ›

Driving for Uber can be lucrative, as long as you look at how much you could possibly make on paper. The truth is way less rosy as, one Uber driver detailed to Business Insider. He made over $100,000 in gross income, but after taxes and expenses, he really only made $20,000.

Which driving app makes more money? ›

Here's how top delivery apps stack up, wage-wise
Food delivery appHourly wage
Uber Eats$20.00
Grubhub$18.12
Amazon Flex$18.09
Instacart$18.00
1 more row
Jul 19, 2024

How much does Lyft pay in Las Vegas? ›

How much does a Lyft Driver make in Las Vegas, Nevada? As of Aug 1, 2024, the average hourly pay for a Lyft Driver in Las Vegas is $13.39 an hour.

How does rideshare work in Las Vegas? ›

Since companies like Uber and Lyft have entered the scene, Las Vegas transportation has become way more convenient. With just the tap of your phone, you can reserve a ride and customize how it goes – from regular rides to luxury rides where you can request temperature settings, conversation levels, and more.

How much does a delivery driver make in Las Vegas? ›

As of Jul 31, 2024, the average hourly pay for a Delivery Driver in Las Vegas is $17.16 an hour.

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