Despite a modest increase in gaming win from casinos on the Las Vegas Strip, it wasn’t enough to push Nevada’s total gaming win in September into positive territory.
The Nevada Gaming Control Board (NGCB) reported Wednesday that the state’s 453 casinos won $1.2 billion in September, a 0.05% decline from September 2025. For the fiscal year that began on July 1, gaming win has increased 1.6%.
The Las Vegas Strip posted a 0.82% increase, reporting $693.4 million in revenue. Jordan Bender, an analyst with Citizens, said the gaming win figure was “slightly below our expectations.
“The underperformance stemmed from mass table revenue declining 5% year-over-year, despite an easy comparison in the prior year, following a 19% decline in August,” Bender wrote in a research note.
During meetings at Global Gaming Expo and Boyd Gaming’s earnings call, Bender said companies discussed softer trends in August and September throughout the Las Vegas Valley, suggesting that the strength observed during the summer months may have been a head fake.
Overall gaming win in Clark County, which includes downtown Las Vegas, Laughlin, the Boulder Strip, and Mesquite declined 0.95% to $1.08 billion.
Southern Nevada casinos continued posting mixed results in September, according to the Control Board. North Las Vegas win increased 9.18% to $25.1 million, with Laughlin reporting a 16.8% decline to $33.7 million and Mesquite down 1.35% to $15.2 million.
Downtown Las Vegas gaming win was down 7.45% to $82.5 million, the Boulder Strip was off 0.13% to $83.2. million, and the balance of Clark County declined 3.01% to $154.2 million.
In northern Nevada, Sparks was the only jurisdiction in Washoe County to post a double-digit increase, with gaming win up 20.8% in September to $17.1 million.
The Control Board reported gaming win declined 3.5% in Reno to $72.9 million, down 1.1% in North Lake Tahoe to $2.2 million, with a slight increase of 1.1% to $8.5 million in the outlying areas.
Elko County also reported a double-digit gain in gaming win, jumping 11.6% to $35.2 million, with Wendover posting an increase of 8.1% to $22.8 million and the balance of the county showing an 18.8% increase to $12.3 million.
Gaming win increased by 6.6% in the Carson Valley area, which includes Carson City, Gardnerville, Minden, and all areas of Douglas County except South Lake Tahoe, to $12.1 million.
The NGCB took in $81.1 million in percentage fees in October based on taxable revenue generated in September. This represents a 6.8%, or $5.8 million decrease compared to September 2025.
