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February 28, 2025

Strip comes roaring back as Nevada posts second-best month ever in January

This year kicked off with a bang for Nevada gaming, as the state posted its second-best monthly total ever, led by the Las Vegas Strip.

According to Nevada Gaming Control Board data released on Thursday (27 February), the state posted $1.43 billion (£1.13 billion/€1.38 billion) in gross gaming revenue (GGR) in January. That is a 12.5% year-on-year increase and the second-highest monthly total ever, behind last December’s $1.46 billion. The Silver State is now flat for the fiscal year to date.

In welcome news for the industry, the Las Vegas Strip bucked its streak of six straight months of YoY decreases. America’s gaming capital posted $840 million in GGR, up 22.4% from last year. January was its third-best month of all time, behind the two previous Decembers ($905 million in 2023, $881.2 million in 2024). This strong result was enough to bring the Strip up to -1.6% for the FY so far, despite the down months.

In a reversal of previous trends, downtown Las Vegas posted a 2% YoY dec..

January 10, 2025

Las Vegas Strip revenue declines continue as Nevada posts 4% YoY decrease in November

The Las Vegas Strip posted its fifth consecutive monthly year-on-year revenue decline in November, with the state overall posting a 4.2% drop from last year.

According to figures from the Nevada Gaming Control Board (NGCB) released on 9 January, the state’s gaming industry posted $1.31 billion (£1.07 billion/€1.27 billion) in gross gaming revenue (GGR) in November. The 4.2% YoY decline is the fourth for the state out of the last five months. But this is somewhat qualified by the fact that FY24 was the best ever.

So far in FY25, Nevada gaming is down 2.8% from this point last year, per the NGCB.

The most notable figures from November came from the Las Vegas Strip. America’s gaming capital posted $788.7 million in GGR for the month, down just under 4% from last year. This is the first definitive proof that the second edition of the Formula One Las Vegas Grand Prix did not live up to the inaugural race last November, although local officials had already acknowledged that to be the c..

December 4, 2024

Las Vegas Strip revenue slides 3% in October for fourth straight YoY decline

October gambling revenue figures released today (4 December) by the Nevada Gaming Control Board (NGCB) showed that the state brought in $1.28 billion (£1 billion/€1.2 billion) in gross gaming revenue (GGR) for the month, a year-over-year decline of just over 2%.

Figures for the Las Vegas Strip were the highlight of the report, but not for good reasons. The Strip’s October GGR total of $692 million was a 3% drop year-over-year. That’s the fourth consecutive month of year-over-year declines for America’s gaming capital, which had its best year ever in 2023. For the fiscal year-to-date, the Strip is down more than 6%.

Strip slot revenue ($428.3 million) was up 5.5%, but table games (-14.5%) were tricky again in October. Baccarat revenue, which has become a boom-or-bust category that spurred records last year, plummeted 23.4% to $68.7 million. The Strip is down 33% on the game in the last three months.

Downtown Las Vegas had the worst month of all the southern Nevada markets. Its GGR..

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Tag: las vegas strip

Strip comes roaring back as Nevada posts second-best month ever in January

Las Vegas Strip revenue declines continue as Nevada posts 4% YoY decrease in November

Las Vegas Strip revenue slides 3% in October for fourth straight YoY decline