Las Vegas casino revenues

Las Vegas is the main "cache generator" of the US gambling industry. Its indicators are published by the Nevada Gaming Control Board (NGCB) in monthly reports on gaming win (gambling revenue). Below is the current picture as of autumn 2025, based on NGCB reports, LVCVA statistics and industry digests.

Key numbers: Nevada and the Strip

Nevada, calendar 2024: $15.61 billion gaming win - historically high (AGA consolidation data based on NGCB).

Clark County (which includes Las Vegas): $13.6 billion for 2024. Strip - $8.8 billion (benchmark for the elasticity of demand for tourism and MICE).

Fiscal year 2025 (July 2024 - June 2025): gaming win Strip decreased by ~ 3% year-on-year: $8.78 billion against $9.05 billion a year earlier. This can be seen in the NGCB summary for June 2025.

Summer momentum 2025: in July 2025, the Strip showed revenue growth of ~ 5.6% year-on-year to ~ $749 million - including a baccarat.

August 2025: despite the drawdown in tourist flow, the revenues of the LV market have grown again (comparable to the record trend in recent years).

💡 Why do calendar/financial dynamics differ? For Vegas, this is normal: large events (super bowl, residences, conventions) "shift" peaks between reporting windows.

What do casino revenues come from?

1) Slots - stable base

Slot halls give the lion's share of regular revenue and are sensitive to everyday traffic (tourists, business guests, local). Their contribution is stable in both seasons - exhibition and "beach." (For structural breakdowns, see UNLV's Strip report series.)

2) Board games - volatile "add-on"

Baccarat is the main upside driver on the Strip: high-limit, foreign and VIP demand. Sharp spikes in monthly revenue are often associated with it.

Blackjack/roulette/craps - wider in audience, but less "explosive" in monthly fluctuations.

3) Sportbooks - a small but bright share

Peak - Super Bowl: Nevada bookmakers' record profit in 2025 emphasized the marketing value of one day for the entire market (with a relatively small share in the annual "pie").

Tourism, MICE and "non-game" money

Although only gaming win appears in NGCB reports, hotels, restaurants, shows, retail and congresses also pull the general coin of the city. In 2024, Las Vegas received 41.7 million guests and almost 6 million delegates - these flows directly correlate with Streep's gambling revenue.

Seasonality and events: what moves the curve

1. Congress calendar and arenas. CES, large medical/tech conventions, artist residencies, fights and NHL/NFL layouts form hotel load peaks and floor traffic. (Summary figures for attendance are from LVCVA.)

2. VIP demand and currency cycles. Baccarat is sensitive to streams from Asia and high-limit audiences - hence the "sawtooth" of monthly reports.

3. Calendar shifts. Holidays/events that occurred at the end/beginning of the reporting window change the month-to-month comparability.

Trends 2024-2025

High base after records. After the "record" 2022-2024, revenue stability remains even with fluctuations in visitors - the mix of events and premium segments helps.

Shift to premium content. More shows, arenas, immersive venues → higher average check, which also supports gambling income. (Industry surveys predict a soft non-gaming correction in 2025, with a return to trend in 2026.)

Normalization of visits. On the short shoulder, "disadvantages" in attendance are possible, but gaming win in some months remains at record levels - due to the product mix and VIP activity.

What it means in practice

For guests/players:

In "peak" weeks (major conventions/matches), the hotel and tables are more expensive/lively; in the off-season - it's easier to catch good rates and room prices.
Premium games (baccarat, high-limit) have a stronger effect on monthly statistics than on the "average" guest experience.

For business:

Price planning and promo - around MICE calendar and "sports" dates.
Stability driver - slots; upside driver - high-limit boards (baccarat) and bright events.
Watch FX/Asian traffic and VIP funnel: Correlation with monthly table revenue volatility.

Where to watch the numbers regularly

Monthly Revenue Report (NGCB): across Nevada, Clark County and submarkets (including Strip) - monthly, 3 and 12 months.

Abbreviated Revenue Release: Quick press releases with historical comparisons, including fiscal year totals (handy for Streep trend).

LVCVA Research: attendance, conventions, number of rooms - context for demand for the game.

UNLV Center for Gaming Research: Slices on the Strip's "average large casino" and long series.

The strip remains the core of the US gambling economy: $8.8-9 + billion in recent years with a total Nevada bar of $15.6 billion in 2024. In 2025, the "breath" of the markets is noticeable: slots support the base, and baccarat and large events give monthly bursts. It makes sense to look at Vegas through the prism of "game + tourism + events": it is this troika that explains why casino revenue is holding at record levels, even if visits dance in the short term.