Nevada gaming revenue took quite a tumble in January after the gambling tax provision in the One Big Beautiful Bill Act (OBBBA) went into effect.
The state’s casinos reported revenue of $1.35 billion for the month, falling 6.6% from $1.44 billion in January 2025, according to the Nevada Gaming Control Board. The drop was even more pronounced in Clark County, home to Las Vegas.
Under the OBBBA gambling tax provision, gamblers can deduct only 90% of losses, and efforts to repeal the plan have so far been unsuccessful.
Overall, Clark County saw revenue fall 8.4% to $1.2 billion from $1.3 billion last January. The Las Vegas Strip, which has generally seen gaming and visitor numbers decline over the last year, experienced a double-digit slide.
Strip revenue fell 11% to $747.7 million from $840.1 million for the same month in 2025. Interestingly, slot revenue was flat at $767.5 million while table game revenue was down 21.2% to $392 million.
Along with reduced visitor numbers and the effects of the OBBBA, baccarat numbers may also have contributed to the decline in revenue. The game attracts high-stakes gamblers and heavily influence the final Las Vegas gambling revenue numbers.
For January, baccarat revenue was down 43.3% to $121.7 million. This followed a 20.7% drop to $156.4 million in December. It’s possible that more of the game’s high rollers stayed away in January, but also took the casinos for quite a bit as well.
Other Las Vegas Areas Suffer
The Strip wasn’t the only Las Vegas area reporting a decline. Downtown Las Vegas was off 5.2% to $79.4 million, while Laughlin slid 3.3% to $40.9 million. The Boulder Strip experienced a 7% slip to $81.2 million.
All this comes as visitor numbers continue to fall. The Las Vegas Convention and Visitors Authority reported that overall visitor volume was down 2.2% to 3.3 million people. However, convention attendance seems to be offsetting some of the fall and increased 6.9% to 672,100. But hotel room occupancy dropped 2.4% to 79.5%.
There were a couple of Clark County bright spots. North Las Vegas saw revenue climb 4.8% to almost $30 million, and Mesquite was up 14.1% to $19.8 million.
Statewide Results
Other parts of the state seemed less affected than Sin City and Reno. Reno reported a bump of 2.9% to $69 million, while Sparks was up 10.5% to almost $15 million. South Lake Tahoe surged 10.3% to $24.6 million while North Lake Tahoe fell 4.2% to $1.9 million.
Elko and Carson counties also produced positive numbers. Elko jumped 12.9% to $36.9 million, and Carson was up 3.2% to $11.5 million.
The state collected $100.9 million in taxes based on January revenue, a 7.1% decrease compared to 2025.
