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Nevada closed 2025 with uneven casino results as consumer spending patterns shifted across regions. While headline numbers dipped slightly in December, several local markets continued to post gains, offering a more layered picture of statewide gaming performance.
Good to Know
- Nevada reported $1.4 billion in gaming win for December 2025
- Fiscal year gaming win remains ahead of last year at $8 billion
- Smaller Nevada markets outperformed the Las Vegas Strip
Nevada Gaming Win Slips in December
The Nevada Gaming Control Board reported $1.4 billion in statewide gaming win for December 2025, a 1.6% decline compared with the same month in 2024. The pullback marked a softer finish to the calendar year, driven largely by results on the Las Vegas Strip.
Despite the December decline, gaming win across the fiscal year continued to trend higher. From July through December, statewide win reached $8 billion, up 2% from $7.8 billion during the same period last year.
Clark County recorded a 1.6% increase on a fiscal year basis, while Washoe County rose 4.5% and Elko County increased 3.2%.
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Las Vegas Strip Posts Sharpest Drop
December data showed the Las Vegas Strip generating $827.7 million in gaming win, down 6.1% from $881.3 million a year earlier. That represented the largest single market decline reported statewide for the month.
Clark County overall produced $1.3 billion in December gaming win, reflecting a 2.2% year on year decrease. Strip weakness weighed heavily on the county total, even as nearby markets delivered stronger performance.
Growth Appears Outside the Strip
Several Clark County submarkets posted solid gains during December. Mesquite delivered the strongest growth, climbing 11.2% to $17.8 million. Laughlin followed with a 9.8% increase to $37.9 million, while the Boulder Strip rose 9% to $95.7 million.
Washoe County also showed modest improvement, with gaming win increasing 1.5% year on year to $91.4 million. South Lake Tahoe posted a 7.5% rise to $20.8 million, while Elko County advanced 1.9% to $34.9 million. Carson Valley Area slipped slightly, declining 0.5% to $11.7 million.
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Gaming Tax Collections Remain Higher Year to Date
Based on December taxable gaming revenues, Nevada collected $88.5 million in gaming percentage fees during January 2026. That figure came in 2.3% lower than the $90.5 million collected during January 2025.
For the fiscal year through January, gaming percentage fees reached $601.8 million, representing a 3.8% increase from $579.9 million during the prior year period. The year to date tax trend continued to reflect broader fiscal stability despite monthly volatility.
Tourism Slowdown Pressures Las Vegas Results
December gaming softness aligned with a wider tourism slowdown across Las Vegas during 2025. The Las Vegas Convention and Visitors Authority reported visitor volume down nearly 7.4% compared with 2024.
More than 35.4 million visitors traveled to Las Vegas during the first 11 months of 2025, reflecting weaker demand across several segments. LVCVA data indicated the city often mirrors broader economic shifts, with spending changes appearing there earlier due to scale and diversity.
Tourism peaked in 2019 with 42.5 million visitors before travel restrictions reduced visitation to 19 million in 2020. Recovery followed in stages, with 32.2 million visitors recorded in 2021, rising steadily through 2024 when totals reached 41.7 million.
Hotel metrics also softened alongside visitation. Average daily room rates fell 5% year on year, while revenue per available room declined 8.5%. Reduced international travel played a role, including an estimated 24% drop in visitors from Canada.
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FAQ
How much gaming win did Nevada report for December 2025?
Nevada reported $1.4 billion in statewide gaming win for December 2025.
Which market saw the largest decline?
The Las Vegas Strip recorded the largest decline, falling 6.1% year on year.
Are smaller Nevada markets still growing?
Yes. Markets such as Mesquite, Laughlin, and the Boulder Strip posted year on year increases.
How is gaming tax revenue performing?
Fiscal year gaming percentage fees remain higher, up 3.8% compared with the prior year period.
Did tourism trends affect casino results?
Yes. Lower visitor numbers and reduced hotel performance weighed on Las Vegas gaming activity.
The post Nevada Gaming Win Dipped in December 2025, Las Vegas Strip Declined appeared first on iGaming.org.