Nevada gaming revenue drops 1.1% for March 2025; Las Vegas Strip down 4.8%
New data reveals financial trends across the state.
Key points:
– Nevada’s gaming revenue in March 2025 decreased by 1.1% compared to the same month in 2024, with falls on the Las Vegas Strip
– Percentage fee collections dropped 8.3% in April 2025 based on March’s revenue figures
The Nevada Gaming Control Board has released its gaming revenue figures for March 2025.
Gaming revenue overview
Nevada’s gaming industry saw a dip in March 2025, with the state’s total gaming revenue reaching $1.28bn, down 1.1% from the previous year. The drop is part of an ongoing pattern that has continued into the fiscal year, with the state showing a 1.1% decline year-to-date.
Regional performance
The Las Vegas Strip experienced a notable drop in March 2025. Revenue from the Strip fell 4.8% year-over-year, affecting statewide totals. However, Downtown Las Vegas had a 11.6% increase in revenue compared to March 2024. Other areas outside Clark County such as Reno, part of Washoe County, saw a 10.9% growth, while smaller regions such as Mesquite and Boulder Strip posting modest but notable gains.
Percentage fee collections show decline
The state’s percentage fee collections totalled $79.3m in April 2025. This represents an 8.3% decrease compared to the $86.5m collected in April 2024. Despite the drop in collections for April, the year-to-date tax collections are up by 0.2% compared to the same period last year.
Looking ahead
Although March 2025 saw a decline in revenue both on the Las Vegas Strip and statewide, the growth in regions like Downtown Las Vegas, Reno and Mesquite is notable. These results can also be viewed in the context of previous statistics.
They follow Nevada gaming revenue reaching $1.46bn for December 2024 with the Strip declining 2.7% in December 2024. More recently, Nevada reported $1.22bn in February gaming revenue with the Las Vegas Strip experiencing a decline of 14%.
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