The Nevada Gaming Control Board (NGCB) has reported the state's total gaming revenue throughout September 2025, with the figure having decreased by 2.3% from the prior year period for a total of just under $1.3bn.
The city has experienced declines in tourism for the majority of 2025, perhaps impacting the results witnessed across the monthly period.
Discussions around the topic spurred conversation from top executives on the Strip during the 2025 Global Gaming Expo, including MGM Resorts International President and CEO Bill Hornbuckle, who remained confident Las Vegas would return to typical production within the next 16 months.
The Clark County area of Nevada, which contains the Strip and Downtown properties in Las Vegas, reported an overall revenue decrease of 2.9% for a total of nearly $1.1bn. The Strip and Downtown areas witnessed decreases in September 2025 gaming revenue of 5.5% and 2%, respectively, to generate $687.8m and $89.2m of Clark County's total revenue.
Benefactors of the decline in tourism seen on the Strip and Downtown could be areas where locals casinos are found, including Laughlin, Boulder Strip and Mesquite.
Laughlin generated a September 2025 gaming revenue of $40.6m and grew 5.8%, while Boulder Strip and Mesquite reported totals of $83.3m and $15m, respectively, increasing 3.6% and 6.3% year-over-year.
Red Rock Resorts also reported its financial results for the third quarter of 2025 on October 28, having generated a net revenue of $475.6m for an increase of 1.6%, while net income was reported to be $76.9m and grew 38.8% from the prior year period.
Caesars Entertainment's net revenue for Q3 2025 remained stagnant at $2.9bn, as the operator also reported a net loss of $55m throughout the period, which CEO Tom Reeg attributed to "lower city-wide visitation and poor table games hold."
Washoe County in Nevada reported a September 2025 gaming revenue increase of 2.3% for a total of $100.6m, driven primarily by Reno casinos which produced $75.7m and grew 5.2%. Sparks witnessed a gaming revenue decrease of 10.2% to $14.2m for September 2025, but North Lake Tahoe also increased its revenue by 1.1% to just over $2.2m throughout the period.
Elko County and Carson Valley generated $31.5m and $11.4m of gaming revenue, respectively, for Nevada across September 2025, equating to a fall of 7.3% for Elko County but a rise of 1.9% for the latter.
Slot machines accounted for $937.1m of the state's total gaming revenue for September 2025 and increased 4.5%, while table games produced the remaining $346.1m and fell 16.8% from the prior year period.
Multi-denomination slots drove the highest amount of revenue for the gaming type throughout September 2025 by increasing 15.9% to $602.2m, while one cent slots accounted for nearly $114.6m of the total revenue reported for the period, but decreased 26.1%.
Sports wagering on the NFL and college football produced $29.1m of revenue for operators across the period, equating to a decrease of 42.3%, with mobile wagering producing just over $31m of revenue and falling 9.2% year-over-year.
Basketball, which just began its season in early October, generated $2m of gaming revenue but decreased by a significant 309.6%, as baseball accounted for $8.7m of the total and reported a fall of 29.7%.
NGCB Chairman Mike Dreitzer issued a notice to all licensees on October 16 that any involvement with sporting event-related contracts within Nevada will be considered wagering by the regulator
