- Nevada gaming income reached a brand new report in 2025
- GGR totaled virtually $15.8 billion, the fifth consecutive yr of report play
- The Las Vegas Strip reported flat year-over-year GGR amid visitation troubles
Nevada gaming operators received more cash in 2025 than they ever have earlier than in a single yr. It’s the fifth straight yr of report income.
An aerial {photograph} of the Las Vegas Strip is seen from a distance. Nevada on line casino income managed to broaden in 2025, regardless of flat income on the Strip. (Picture: Shutterstock)
The Nevada Gaming Management Board (NGCB) unveiled on Wednesday the full-year revenue numbers for the greater than 300 licensed gaming services throughout the Silver State. Gross gaming income (GGR), the cash saved by the casinos and gaming venues, totaled $15,798,466. The mark represents a 1.23% acquire on 2024 and is the very best single-year GGR tally in Nevada historical past.
The post-pandemic run continued in 2025. Earlier than the COVID-19 pandemic, Nevada’s all-time greatest GGR yr was $12.85 billion, which was set in 2007. Nevada GGR in 2021 totaled $13.43 billion. Gaming win climbed to $14.84 billion in 2022, to $15.52 billion in 2023, and to $15.61 billion in 2024.
2025 ended with a disappointing December, the place GGR slowed 1.55% statewide to $1.43 billion. The Las Vegas Strip was answerable for the decline, with GGR on the primary drag down 6% yr over yr to $827.7 million.
Las Vegas Struggles
Nevada’s posting of a 1.23% GGR acquire on the prior yr was potential because of gaming away from the Las Vegas Strip.
GGR in downtown Las Vegas was up over 2%, North Las Vegas climbed virtually 5%, Laughlin was up over 2%, and Boulder was virtually 4% increased. Exterior of Clark County, Elko County income noticed gaming enhance by 3%, and Washoe County, residence to Reno, posted a 3.4% acquire to virtually $1.1 billion.
It was a distinct story on the Las Vegas Strip, the place GGR was flat at $8.81 billion. The official tally, $8,815,212, represented a trivial 0.03% year-over-year acquire. Slot machines received $4.95 billion, up 0.75%, whereas tables, sports activities, race, and bingo have been down 0.89% to $3.86 billion.
Issues may have been worse by way of Strip gaming, as visitation crumbled in 2025. Strip casinos managed to muster each gaming greenback potential out of their company, with customer quantity down 7.5%.
The Las Vegas Conference & Guests Authority (LVCVA) says roughly 38.54 million folks visited Southern Nevada final yr, a year-over-year lack of 3,127,800 company.
Gaming Fares, Different Income Drops
The Las Vegas Strip managed to maintain gaming income secure in 2025, however that may’t be mentioned for income elsewhere all through the resorts.
In keeping with the LVCVA, the common nightly room fee for a on line casino lodge on the Las Vegas Strip in 2025 was $196.54. That’s down 4.6% from $206.12 in 2024.
Strip room RevPAR, or income per out there room, a key hospitality metric that measures monetary efficiency by combining occupancy and common nightly charges, tumbled 8.2% from $178.09 to $163.52.
Strip lodge occupancy was 3.2 share factors decrease, at 83.2%. The decreased occupancy comes regardless of far fewer lodge rooms after Tropicana Las Vegas, with its 1,467 guestrooms, and The Mirage, with 3,044 rooms, shuttered in 2024.
Trying forward, gaming analysts at Citizen Financial institution anticipate a rebound for Las Vegas within the first quarter of 2026. The financial institution cited New Yr’s Day falling on a Thursday, which prolonged holidays.
