Not all the news about Nevada's gaming revenue is negative.
Nevada's gaming revenue dropped by just over 2% last month when compared to September 2024. However, from January to September 2025, the state's gaming revenue increased by about 1-2%, reaching around $11.7 billion.
The latest figures come at a time when Las Vegas continues to struggle with lower visitation numbers. This is according to the Las Vegas Convention and Visitors Authority (LVCVA). August numbers were also down.
The Las Vegas Strip saw a 5% decline, the first since May 2025. This drop was due mainly to a decrease in baccarat winnings, although slot machines continued to perform well.
Most Casinos in Nevada Performing Well
Most of Nevada's gaming markets have shown growth this year, except for north Lake Tahoe, which fell by 8%. Impressively, September was the 55th consecutive month that Nevada's gaming revenues topped $1 billion, reflecting the industry's long-term strength, even with market fluctuations and holidays like Labor Day affecting comparisons.
In Clark County and the surrounding areas, most markets experienced growth. However, the Strip and Sparks saw revenue declines. Sports betting revenue fell by about 33% compared to last year due to lower winnings and changes in the timing of events, yet it has risen by approximately 8% for the year overall.
Downtown Las Vegas saw a smaller revenue drop of around 2%, bringing in $89 million.
Other places like the Boulder Strip, Laughlin, Mesquite, and parts of Clark County posted small gains.
North Las Vegas remained steady, but Sparks faced the biggest drop at approximately 10%, generating about $14 million. Even though the Las Vegas Strip had a quieter September, it remains Nevada's top revenue earner, while other state areas either improved or stayed stable.
Where Are Nevada Visitation Numbers Expected To Go?
People in the tourism industry say leisure travel is still slow. Some resorts think their prices might be too high, which is affecting how much visitors spend. Even with fewer visitors, locals and some tourists say the vibe is still lively. People are still visiting, just not as much, so while the downturn is real, it's not stopping everything completely.
Nevada expects visitor numbers to vary for the rest of 2025, but overall, things are improving. So far this year, visits are down about 8% compared to last year, with a 9% drop in September. The decrease is due to fewer big conventions, missing events like MINExpo, fewer midweek stays, and less international travel. However, experts aren't worried, pointing out that 2024 was an unusually good year and 2025 is still set to be one of the best years for Las Vegas visitors.
