Waterparks and fountains in Las Vegas: A closer look at where water is going amid the drought File/Pixabay and last updated 2021-07-16 20:25:59-04 LAS VEGAS (KTNV) -- Despite being in the midst of the longest sustained drought we've ever seen, and on the verge of a federally declared water shortage, every day in Las Vegas water is used for play. The valley is home to not one but two waterparks. Cowabunga Bay and Wet'n'Wild provide relief from the sweltering heat for hundreds of thousands of locals and tourists every summer. And it's not just mega-slides and lazy rivers where we get our water fix. Water plays a recreational role on the Las Vegas Strip, too. Many casinos have multiple pools or fountains, perhaps the most obvious and grandiose example being at the Bellagio.