Nevada Gaming Revenue Down in February

The Nevada Gaming Control Board (NGCB) has published its official financial report for February 2025, highlighting a decrease in operator revenue and an increase in contributions to the state. The decrease was due to weaker performance across multiple markets, including a drastic revenue decline across Vegas Strip casinos.

Nevada Gaming Earned $1.2B

The statewide gaming win for February 2025 stood at $1,217,662,484, according to the NGCB. In its official announcement, the regulator emphasized that this figure represents a 9.28% decrease compared to February 2024. For context, the prior-year period saw Nevada’s operators report a gaming win of $1,342,206,155.

However, the year-to-date results show a less drastic decline in gaming win. Since the start of the fiscal year (the period from July 1, 2024, to February 28, 2025) gaming win has decreased 1.14%.

Additional metrics suggested a drastic decline in baccarat gaming across Nevada’s casinos, contributing to the suboptimal results. Other gaming verticals also experienced declines, with the exception of roulette gaming, which was on the rise.

Many Areas Experienced a Decline

The decline in overall revenue can be attributed to suboptimal performance across several areas in Nevada. Clark County, in particular, saw its total February revenue decrease 9.66% to $1,063,329,730. This drastic decline was primarily driven by a staggering 13.78% decrease in revenue across the Las Vegas Strip. For context, the Strip casinos reported revenue of $690.3 million for the period, down from $800.6 million in February 2024.

Downtown Las Vegas revenue decreased to $72.64 million, down 4.91% year-on-year. North Las Vegas revenue, on the other hand, decreased 2.70%, while Boulder Strip revenue was down 1.30% year-on-year.

At the same time, Laughlin and Mesquite reported modest revenue increases of 0.38% and 2.75% respectively.

Elsewhere, Washoe County’s financials painted a similar picture as revenue declined across Reno, Sparks and North Lake Tahoe’s casinos. The country reported total revenue of $78.5 million for February, down 5.19% year-on-year.

Elko County’s revenue plummeted by 7.31% to $31.3 million, while Wendover revenue experienced a similar decline, falling to $21.7 million.

South Lake Tahoe got the worst of it, experiencing a 17.3% decline in revenue to $17.6 million. Conversely, the Carson Valley Area revenue was mostly stable at $10.3 million.

Other gambling revenue streams generated $16.6 million in revenue, down 2% year-on-year.

Operators Contributed $75M in Fees

The NGCB also published information about the percentage fees collected from operators in March. According to the announcement, Nevada took $75,205,984 in percentage fees, based on the taxable revenue generated in February 2025.

The money collected represented a 6.72% increase compared to the prior-year period, the NGCB pointed out.