Fueled by a 79% increase in baccarat revenue, the Las Vegas Strip had a strong showing in July with a 5.6% gain in gaming revenue over 2024.
Statewide in July, gaming revenue rose 4% from $1.3 billion in July 2024 to $1.35 billion last month. For 2025, gaming revenue is up 1% year-over-year.
The Strip casinos recorded $749 million in gaming revenue in July, up from $709 million in July 2024, according to the Nevada Gaming Control Board. It built on an .88% increase in June and may have been aided by the Fourth of July falling on a weekend as well.
Despite the gaming revenue gain, the decline in tourism numbers has been driving the narrative about the state of Las Vegas. Over the last 12 months, Strip gaming revenue fell 3% from $9.06 billion to $8.78 billion.
Deutsche Bank reported the Strip had $428.2 million in slot revenue, a 2.2% increase year-over-year. Handle rose 5% from July 2024.
Baccarat revenue led to the gains during the month, with $114.5 million, up from $64 million a year ago. While drop fell 10%, baccarat hold was 17.5%, up from 8.8% a year ago. Non-baccarat table gaming revenue fell nearly 9%.
Shelley Newell, senior economic analyst for the Board, said when compared to July 2023, Nevada’s July 2024 gaming win decreased 6.9%, with the Strip’s gaming win decreasing by 15%.
In contrast, Las Vegas casinos that serve local residents recorded a rare decline of 1.5% from $279.7 million to $275.4 million. Slot revenue rose 1.2%, but table revenue fell 13.9% and table drop dropped nearly 9%.
Downtown Las Vegas had a solid month, with a 3.6% increase from $71.8 million to $74.4 million. Downtown slot win totaled $53.7 million and increased 4.6% or $2.3 million. Slot coin-in was up 3.5% ($19.2 million). Slot win percentage was 9.5% versus 9.4% last year. Game and table win totaled $20.7 million, up 1.2% ($238,000). Games drop increased 7.5% or $13.1 million on a hold of 11.05% versus 11.74% last year, Newell said.
North Las Vegas had $24.6 million in revenue, a 7.8% increase from $22.8 million a year ago.
The Boulder Strip reported a decline of 1% from $85.6 million a year ago to $84.7 million last month.
Elsewhere in southern Nevada, Mesquite had $15.1 million in revenue, a 9.8% increase from $13.7 million a year ago and Laughlin had $40.9 million in revenue, down 7.1% from $44.1 million a year ago.
In northern Nevada, Reno had a 9.93% increase to $76.1 million, up from $69.2 million. Sparks had a 3.2% increase to $15.6 million, up from $15.2 million. North Lake Tahoe had $3.1 million in revenue, a 15% decline from the $3.6 million a year ago. South Lake Tahoe had a strong month with $37.6 million in revenue, a 21.5% increase from $31 million a year ago.
