Nevada Casinos Post Historic Gaming Revenue in 2025

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Nevada casinos reported an unprecedented annual haul in 2025, with gross gaming revenue reaching $15,798,466, marking the fifth straight year of record gains and edging up 1.23% from 2024. 

Info graph of Nevada Gross Gaming Revnue

Key Takeaways:

  • Nevada’s gaming revenue hits a record $15.8 billion in 2025, marking the fifth consecutive year of growth.
  • Non-Strip regions like downtown and Boulder outperformed expectations amid softer Las Vegas Strip metrics.
  • Industry analysts anticipate a bounce in early 2026 driven by New Year’s calendar effects.

According to Casino.org, GGR, the money kept by the casinos and gaming venues, was lifted by strength outside the Las Vegas Strip as downtown, North Las Vegas, Laughlin and Boulder recorded year‑over‑year increases while Washoe County climbed to nearly $1.1 billion.

The Las Vegas Convention & Visitors Authority reported about 38.54 million visitors to Southern Nevada, a 7.5% decline from the prior year, while Strip hotel metrics weakened, with average nightly rates and RevPAR falling.

Strip Gaming Revenue Held Nearly Even

Strip gaming held nearly even at $8.81 billion for the year, but December’s downturn , a 6% decline on the Strip, pulled statewide December GGR down 1.55% to $1.43 billion. 

Industry data from monthly reports show baccarat and table games produced outsized month‑to‑month swings in 2025, and mobile sports wagering helped lift several midyear months. Analysts at Citizens Bank expect a bounce in early 2026 driven by calendar effects around New Year’s Day

Resilient Gaming Spend Meets Regulatory Shifts for Nevada

For operators and executives, the pattern signals resilient gaming spend outside the core Strip loop and mounting pressure on hotel and non‑gaming revenue streams, underscoring the need to diversify offerings and marketing to offset softer visitation and room performance.Adding to the evolving business landscape, Nevada lawmakers are considering changes to gambling loss deductions, which could impact how high-spending players and operators report winnings and losses for tax purposes.