Nevada gaming revenue reaches $1.46bn for December 2024, Strip declines 2.7%

Key points:   

– Total gaming revenue for December 2024 was $1.46bn, increasing by 2% year-on-year

– Las Vegas Strip gaming win declined by 2.7% to $881.3m, with table game revenue falling 16.0% to $385.9m 

– Statewide table game win dropped 16.5% to $480m, while slot machine revenue rose 14.4% to $981.1m

The Nevada Gaming Control Board (NGCB) reported that total gaming revenue for December 2024 stood at $1.46bn, marking a 2% year-on-year increase.

This growth was primarily driven by slot machines, which generated $981.1m, rising 14.4%.

However, table game revenue saw a sharp decline, falling 16.5% to $480m statewide. This reflected a weaker performance in major segments such as baccarat, craps and roulette.

Despite this, December set a record for the highest gaming revenue ever recorded in the month’s history for Nevada, underscoring the state’s continued reliance on strong slot machine performance to offset declines in traditional gaming categories.

Las Vegas Strip faces declines while slot machines set new records  

The Las Vegas Strip, which contributes the largest share of Nevada’s gaming revenue, saw total gaming win decrease by 2.7% to $881.3m. The decline was largely attributed to table games, which fell 16.0% to $385.9m.

However, slot machines on the Strip set a new record, generating $495.4m in revenue, reflecting an 11.1% increase. The segment’s growth reportedly highlights a shift in consumer gambling behaviour, with slot play becoming increasingly dominant compared to traditional table games.

Elsewhere in Clark County, total gaming revenue for the full fiscal year reached $13.6bn, up 0.6%. The Downtown Las Vegas area also reported a record gaming win of $931.3m, reflecting a 2.4% increase.

Statewide performance and market trends  

Across Nevada, slot machines accounted for the majority of gaming revenue in FY2024, generating $10.5bn, which represents a 2.3% increase.

Table games, in contrast, declined by 2.8% statewide, generating $5.1bn over the fiscal year. The trend indicates a broader shift in player preference, with slot machines continuing to capture a larger share of Nevada’s gaming market.

Several regional gaming markets set all-time records in FY2024. This included Carson Valley gaming win totalling $135.7m, marking a 1.2% increase, and Mesquite recording $189m in gaming revenue, up 3%

These regional markets continue to grow, providing stability outside of the Strip’s fluctuating performance.

Industry outlook and regulatory developments  

Nevada’s gaming industry continues to navigate a changing landscape, with strong slot machine revenue helping offset table game declines. The decline in high-stakes table games such as baccarat may reflect changes in high-roller spending habits, while the continued rise in slot revenue highlights the increasing appeal of electronic gaming over traditional table play.

December’s revenue figures follow a similar pattern observed in November 2024, when Nevada’s total gaming revenue stood at $1.32bn. However, this reflected a 4.21% decline – a trend seen across last month.

Additionally, the Las Vegas Strip recorded $788.7m in revenue in November, down 3.91%, continuing the trend of weaker performances compared to past years.

Sports betting revenue remains highly volatile, with October 2024 seeing a sharp 57.5% decline in revenue, largely due to unfavourable NFL betting results.

Looking ahead  

Nevada’s gaming industry enters 2025 with mixed signals, as record-breaking slot machine revenue contrasts with declining table game performance. The Las Vegas Strip’s challenges remain a concern, particularly as high-end gaming experiences face continued pressure.

The Nevada Gaming Control Board’s next meeting, scheduled for early 2025, is expected to provide further insights into regulatory changes, tax adjustments and shifting market dynamics.

As the industry adapts to changing player preferences, operators will continue to focus on balancing traditional gaming formats with emerging digital-driven revenue streams.