The establishment of Cactus Pete's and the nearby Horseshu Club in the same year is considered the founding of the town of Jackpot.

In 1991, Cactus Pete's completed a $22 million hotel and casino expansion making the property become one of the largest gaming facilities in Elko County.

Designed by Steelman Partners, the expansion included adding a 10 story hotel tower, restaurants and an Olympic-sized swimming pool.

Cactus Petes also has both an indoor concert hall called the Gala Showroom and an outdoor amphitheater.

Concerts held at Cactus Petes have ranged from ZZ Top to The Beach Boys and from Willie Nelson to Chubby Checker.