By Richard N. Velotta / Las Vegas Review-Journal
Resort revenue shrank statewide and on the Strip in the last 12 months, compared with a stellar 2024, but casinos still put up some of the loftiest numbers in history, the Nevada Gaming Control Board reported Wednesday in its annual Nevada Gaming Abstract report.
The 163-page report provides a variety of financial information on the 305 Nevada casinos that grossed $1 million or more in gaming revenue for the year that ended June 30, 2025.
The comparisons to the 2024 fiscal year report show how much the state’s resorts are growing or shrinking statewide and in 13 submarkets across the state.
Strip gaming revenue was down 3.7 percent, or $211.7 million, to $5.5 billion. Gaming revenue accounted for 26.1 percent of total revenue, which was the same as in 2024.
Strip room revenue totaled $7.1 billion and decreased 5.1 percent, or $380.2 million, from 2024. It was the second-highest room revenue recorded, trailing only the prior year’s $7.4 billion. Strip occupancy rates increased from 88.95 percent to 89.06 percent, with the average daily rate of $250.72 per day, down 2 percent from $255.83 in 2024. The fiscal year 2025 average daily rate is the second highest ever recorded, with fiscal year 2024 recording the all-time high.
The number of Strip locations generating $1 million or more in gaming revenue decreased from 54 to 51. The average number of employees decreased by 3.2 percent from 95,195 in fiscal year 2024 to 92,130 in 2025. There were 96,037 total employees in fiscal year 2019.
Source: Las Vegas Review-Journal, June 12, 2026. Reported by Richard N. Velotta.