Nevada gaming revenue falls 2.2% in May amid continued Las Vegas Strip decline
Las Vegas Strip down 3.9% year-on-year as statewide gaming win slips for third consecutive month.
Key points:
– Nevada gaming revenue totalled $1.29bn in May 2025, a 2.18% year-on-year decrease
– Las Vegas Strip revenue fell 3.87% to $713.8m
– Percentage fee collections dropped 7.67% compared to June 2024
Nevada’s nonrestricted gaming licensees reported a combined gaming win of $1.29bn in May 2025, down 2.18% year-on-year, according to data released by the Nevada Gaming Control Board.
The downturn marks the state’s third consecutive monthly decline, following April’s 0.5% drop and March’s 1.1% fall.
On a fiscal year-to-date basis (July 2024 – May 2025), statewide revenue is down 1.18% versus the same period a year earlier.
The Las Vegas Strip – the state’s largest gaming region – saw revenue fall 3.87% to $713.8m in May.
Elsewhere in Clark County, Downtown Las Vegas dropped 11.4%, while North Las Vegas rose 6.5%. Notably, Laughlin posted a 17.0% increase and Mesquite improved 9.7%.
Washoe County remained flat overall, with Reno down 2.8% but Sparks up 11.8%. South Lake Tahoe posted the sharpest decline across the state at -23.4%, while Elko County saw growth of 6.5%.
The state also recorded a 7.67% drop in percentage fee collections for June 2025 – which are based on May’s taxable revenues – totalling $79.2m. That figure is down from $85.8m collected in June 2024, further reflecting the month’s weaker performance.
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Despite recent monthly declines, several markets within the state are showing positive year-to-date trends. The Balance of County in Clark County grew 5.3% fiscal YTD, while Elko County and Carson Valley posted modest increases.
May’s figures follow ongoing pressures seen earlier this year. In April 2025, Nevada reported $1.2bn in gaming revenue, down 0.5%, with Las Vegas Strip revenue falling 2.9%.
The outlook for the remainder of the year remains mixed, as the Strip continues to face headwinds despite pockets of regional resilience.
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