Nevada’s gaming industry experienced a significant boost in October 2025, with statewide revenue climbing nearly 5% year-over-year. This increase, totaling over $1.35 billion, occurred despite a concurrent dip in overall tourism numbers. The Las Vegas Strip, in particular, saw an impressive 8.2% surge in gaming revenue, largely propelled by exceptional performance in baccarat and other table games.
Key Takeaways
- Nevada’s total gaming revenue reached $1,350,043,348 in October 2025, a 4.9% increase from the previous year.
- The Las Vegas Strip reported an 8.2% rise in gaming revenue, reaching $748.8 million.
- Baccarat revenue on the Strip more than doubled, increasing by nearly 70%.
- Despite revenue gains, overall tourism visitation to Las Vegas declined by 4.4%.
Strip Shines Amidst Tourism Slump
The Las Vegas Strip emerged as a major contributor to the state’s gaming success, with its revenue jumping by 8.21%. This growth was primarily fueled by a remarkable nearly 70% increase in baccarat revenue, which brought in $116.4 million. Other table games also performed strongly, contributing to an overall 10% rise in table game revenue, excluding baccarat. This surge in table game winnings helped offset a 2.4% decline in slot revenue on the Strip.
Regional Performance Varied
While the Strip saw substantial gains, other areas of Nevada experienced mixed results. Sparks, located north of Las Vegas, nearly doubled its gaming revenue with a nearly 16.5% increase. The "other" category, encompassing gaming establishments outside major counties and South Lake Tahoe, also saw a healthy 12.6% return. Conversely, the Boulder Strip faced a nearly 9% decrease in revenue. Locals casinos in Las Vegas reported a modest 0.2% gain, while Downtown Las Vegas saw a slight decrease.
Tourism Numbers Lag Behind Revenue
Despite the robust gaming revenue, Nevada’s tourism sector continued to face challenges. Citywide visitation to Las Vegas declined by 4.4% in October, marking the 13th consecutive month without a significant year-over-year visitation gain. Hotel occupancy rates and average daily rates on the Strip also saw decreases. Convention attendance, while up year-over-year, remained lower than in previous years. The recent Formula One Grand Prix was anticipated to provide a much-needed boost to tourism, with expectations of at least $1 billion in economic impact.
State Collections Increase
The positive gaming performance translated into increased state revenue. Nevada collected $83,674,693 in percentage fees during October 2025, a 5% increase compared to the same period in the previous year. This indicates a healthy return for the state from its gaming operations.
