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Tag: Las Vegas revenue

  • Vegas Tourism & Gaming Fall Again in September • This Week in Gambling

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    Tourism and gaming revenue in Las Vegas both posted declines in September, extending a nine-month stretch of weak visitor numbers even as Nevada’s overall gaming win remains ahead of last year. According to figures from the local convention authority and the state gaming regulator, Las Vegas recorded 3.1 million visitors in September, an 8.8 percent drop compared to the same month in 2024. That amounts to roughly 300,000 fewer guests visiting the city.

    The decline in the core Las Vegas market was driven largely by weaker mid-week traffic and a smaller convention calendar. Convention attendance fell 18.7 percent to 428,400, reflecting the absence of one major show and the rescheduling of another. Hotel performance also softened. Occupancy plunged by 5.2 percentage points to 78.7 percent overall. Mid-week occupancy dropped 6.7 points to 74.4 percent, while weekend stays held up better at 90.3 percent. The average daily room rate slid 2.9 percent to $190.56 and revenue per available room dropped 9 percent to $149.47.

    Meanwhile, at Harry Reid International Airport passenger traffic dipped 6.4 percent to 4.5 million in September, joined by a 3.4 percent gain in car traffic entering Las Vegas on Interstate 15 and a 2.5 percent increase across all major highways into the city. Gains in smaller Nevada markets such as Laughlin and Mesquite, with respective visitation rises of 9.6 and 7.3 percent, provided some offset to the broader downturn.

    On the gaming side, statewide gaming win fell 2.3 percent to just over $1 billion, while Clark County — home to the Strip — dropped 2.9 percent. The Strip itself logged a 5.5 percent decline in win to $687.8 million, and downtown Las Vegas slid 2.0 percent to $89.2 million. Still, for the first quarter of fiscal year 2025-26, statewide gaming revenue is up 2.3 percent at $3.9 billion, and Clark County is up 1.7 percent at $3.3 billion, representing 85 percent of Nevada’s total gaming win. Tax collections in the gaming sector for September were $87 million, down 12.3 percent year-on-year, though quarterly receipts rose 7.6 percent to $347.2 million.

    Analysts noted that while leisure business on the Strip is soft, certain gaming segments remain stable. One noted that slot performance held solid but was offset by volatile baccarat results and lower hold percentages for the game. The local convention and visitors authority launched a new promotional campaign on September 22 aiming to boost bookings, but it indicated any impact would likely show up in October data. The broader takeaway: Vegas tourism continues to face headwinds even as parts of Nevada’s gaming ecosystem show resilience.

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  • Nevada Gaming Revenue Up in August • This Week in Gambling

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    Nevada gaming revenue reached $1.23 billion in August, rising 5.5 percent compared to the same month last year, according to data from the Nevada Gaming Control Board. The result marked the 54th consecutive month the state has surpassed the $1 billion mark, underscoring continued strength across key gaming sectors. Table games and card games led much of the growth, generating $411.8 million, up 12.6 percent year over year. Baccarat was the standout performer, with revenue surging 52.6 percent to $116.5 million, fueled by increased play from international visitors and favorable hold rates.

    Sports betting also delivered significant gains. Revenue from sportsbooks grew 68.1 percent to $42 million, driven by the return of college football and the NFL preseason. Mobile wagering nearly doubled to $29.4 million and accounted for about 73 percent of total sports betting revenue. Football alone brought in $16.3 million during the month.

    Clark County, home to the Las Vegas Strip, produced $1.03 billion in revenue, a 5.3 percent increase over August 2024. The Strip itself accounted for $652.1 million, up 2 percent year over year. Baccarat play and strong performance from multi-denomination slot machines, which jumped 14.2 percent, contributed to those gains. However, penny slot revenue declined sharply, falling 31.2 percent to $93.1 million.

    Revenue trends varied across other regions. Downtown Las Vegas grew 8.3 percent to $63.2 million, and North Las Vegas climbed 7.8 percent to $24.7 million. Laughlin saw revenue decline 7.1 percent to $41 million, while the Boulder Strip slipped 1.1 percent to $84.8 million. Outside Clark County, Washoe County reported a 7.4 percent increase to $102.8 million, with Reno up 9.9 percent to $76.1 million. South Lake Tahoe revenue surged 21.5 percent, Mesquite rose 9.9 percent, Carson Valley increased 8.9 percent, and Elko County posted a slight 0.8 percent decline.

    Analysts attribute the rise in Nevada gaming revenue to strong baccarat results, favorable hold percentages, and an additional Sunday in the August calendar compared to last year. The sustained growth highlights the state’s resilience amid evolving market conditions and signals continued momentum heading into the fall tourism and convention season.

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  • Las Vegas Tourism and Revenue Continue Slide • This Week in Gambling

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    Las Vegas tourism is showing signs of strain as both visitor numbers and consumer spending continue to decline. Recent data from the Nevada Department of Taxation highlights a drop in sales across several key sectors between July 2024 and May 2025, compared with the same period the previous year.

    Restaurants and bars recorded nearly 11.7 billion dollars in revenue, down 1.6 percent, representing a loss of about 191 million dollars. Clothing, shoe, and jewelry stores fell by 140 million dollars to reach 4.05 billion. Motor vehicle and parts dealers slipped to 6.05 billion dollars, a decline of more than 191 million. Furniture, electronics, and appliance stores also saw decreases, falling by 28.5 million to 1.7 billion in total sales.

    Industry analysts attribute the downturn to both higher costs of living and fewer visitors. The president of the Retail Association of Nevada said the combination of reduced Las Vegas tourism and inflationary pressure has cut into consumer spending, leaving businesses with a smaller pool of customers. Locals are also feeling the strain, limiting their discretionary purchases.

    Tourism data confirms the slowdown. The Las Vegas Convention and Visitors Authority reported that the city welcomed approximately 19.5 million visitors in the first half of 2025, a decline of 7.3 percent compared to the same stretch in 2024. The numbers for June alone showed an 11.3 percent year-over-year drop, signaling a sharper contraction heading into the summer months.

    Las Vegas tourism remains a cornerstone of the local economy, which depends heavily on visitor spending to support jobs and businesses. With Clark County’s population at roughly 2.3 million, the region relies on millions of tourists each month to sustain its hospitality, entertainment, and retail sectors. A prolonged dip in visitors could have wider consequences, including reduced tax revenue and pressure on employment.

    Economists warn that Las Vegas’s dependence on tourism leaves it particularly vulnerable to broader economic uncertainty. Persistent inflation, weaker consumer confidence, and global economic challenges may continue to weigh on visitor demand. For now, the outlook for Las Vegas tourism remains cautious as the city navigates these headwinds.

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  • Nevada Revenue Hits $1.34 Billion in February • This Week in Gambling

    Nevada Revenue Hits $1.34 Billion in February • This Week in Gambling

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    Among the various gaming options, slots led the revenue charge, generating $827.6 million for the month, a modest uptick of 0.6% from the previous year. Within this category, multi-denomination slot games contributed $536.6 million, while penny slot machines added $207.6 million. Interestingly, only multi-denomination slot games experienced growth in February, with revenue dipping across all other game types within this segment.

    Baccarat emerged as a standout Nevada revenue performer  in February, witnessing a remarkable 75.5% surge in revenue, totaling $180.1 million. Additionally, blackjack revenue saw a notable uptick of 15.6% to $132.5 million, while craps revenue rose by 22.0% to $44.7 million. Other notable areas of growth included Ultimate Texas Hold’em, which saw a 4.4% increase in revenue, reaching $18.0 million, and pai gow poker, which experienced a 4.7% rise, reaching $10.4 million.

    February also marked the hosting of the Super Bowl in Nevada this year, held at the Allegiant Stadium, where the Kansas City Chiefs emerged victorious with a 25-22 win over the San Francisco 49ers. As expected, Nevada experienced a significant 16.0% increase in sports pool revenue in February, reaching $47.9 million.

    Interestingly, while American football contributed a substantial portion, accounting for $12.0 million, other sports also played a significant role in driving this surge. This biggest money generator for sport operators was actually basketball, with revenue hitting $24.7million. A further $4.3 million came from hockey betting and $7.7 million other sports, although baseball betting generated a $929,000 loss.

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