Nevada casino operators experienced a massive revenue decrease in February.
According to numbers from the Nevada Gaming Control Board, revenue dropped 9.3% year-over-year to $1.22 billion. During the same month in 2024, Nevada casinos won $1.34 billion.
It was a drastic shift after Silver State operators experienced a boom in January.
That drop pushed numbers for the current fiscal year, which runs from July 2024 through June 2025, down as well, with an overall decrease of just over 1.1%.
The revenue figures in Clark County, home to Las Vegas, were especially stark. The county saw revenue of $1.06 billion, a 9.7% percent slide from February 2024.
Once again, high-stakes baccarat played a major role. Baccarat revenue fell more than 51%, resulting in overall table game revenue slipping more than 22%.
Baccarat numbers seriously affected casino revenue on the Las Vegas Strip, with a 13.8% gaming revenue drop to $690.2 million. Table game revenue dropped 26.5% overall to $308.4 million. Slot machines saw a slight bump of 0.3% to $381.9 million.
The gaming revenue decline aligns with the hotel room occupancy rates for February. According to the Las Vegas Convention and Visitor Authority, total hotel occupancy fell 3.4%.
Weekend occupancy was down even more, dropping 3.9%. A major decrease of 19.5% in convention attendance may also have affected the numbers.
Other parts of Las Vegas also saw revenue declines, but not as significantly as the Strip. Downtown Vegas revenue was down 4.9% to $72.5 million. North Las Vegas fell 2.7% to $23.1 million, while the Boulder Strip slid 1.3% to $74.7 million.
There were a few bright spots in Clark County. Mesquite was up 2.8% to $16.5 million and Laughlin rose 0.4% to $42.2 million.
Other parts of the state echoed the overall downward trend. Reno saw a revenue decrease of 6.4% to $56.2 million, and North Lake Tahoe was down 9.3% to 1.8%. South Lake Tahoe saw an even more significant drop, down 17.4% to $17.6 million.
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