The state’s gaming industry experienced a slight decline in its overall performance. The total gaming win saw a decrease of 0.5 percent, amounting to $1.23 billion. On the Las Vegas Strip, the win dropped by 2.9 percent to $646.9 million, whereas downtown Las Vegas saw an increase of 1 percent, reaching $83.6 million. Notably, two markets exhibited significant changes compared to the previous year: Wendover increased by 10.9 percent, while North Lake Tahoe experienced a decline of 18.4 percent.
For the first ten months of the 2024-25 fiscal year, the statewide gaming win decreased by 1.1 percent to $13 billion. Clark County’s win was down by 1.3 percent to $11.3 billion, with the Strip specifically seeing a reduction of 3.3 percent to $7.3 billion. Conversely, downtown Las Vegas grew by 2.7 percent to $794.2 million.
A Wall Street analyst highlighted that the monthly figures were positively influenced by the shift of the Easter weekend from March in 2024 to April this year, despite the number of weekend days remaining unchanged. Deutsche Bank’s Carlo Santarelli pointed out that while baccarat hold was below average, slot handle experienced an increase.
According to Shelley Newell from the Control Board, the markets remained “stable and consistent,” and April marked the 50th consecutive month of over $1 billion in monthly gaming win. Gaming tax revenues were stable, with $66 million collected recently, bringing the fiscal year total to $911.2 million, a slight decrease of 0.07 percent from the previous year. The state imposes a tax of up to 6.75 percent on gross gaming revenue for its general fund. Additionally, the state will benefit from $24.5 million in fines levied by the Nevada Gaming Commission against several major resorts over the past three months.