Nevada’s gaming industry saw a decline in February 2025, as the state’s total gaming revenue dropped to $1.22 billion, marking a 9.3% decrease from the same month last year. A major contributing factor to this downturn was the Las Vegas Strip, which experienced a significant 14% drop in revenue. Despite the Las Vegas Strip being a central hub for Nevada’s gaming economy, the area saw a decline in overall gaming revenue, amounting to $690.3 million for the month of February.
The decrease on the Strip follows a similar trend seen across the state, with a marked decline in table games and sports betting. Revenue from baccarat and blackjack took considerable hits, dropping 51% and 21.5%, respectively. Slot games saw a more modest dip of 1.4%, generating $816 million. While the Strip’s figures were still substantial, the 14% drop in February’s revenue highlights the growing challenges facing the area, in stark contrast to previous periods of consistent growth.
The Las Vegas Strip Faces Continued Struggles Amid Statewide Decline
Total gaming revenue from the Las Vegas Strip saw a 17.8% decline compared to January, and a 13.8% drop year-on-year. This decrease was largely driven by a sharp decline in revenue from table and card games, which fell by 26.5%, totaling $308.4 million. Baccarat, which dominates the Strip’s gaming landscape, also faced a significant 52% decline, generating just $87.5 million. Other popular games such as blackjack and craps also saw drops of 28.3% and 20.2%, respectively. 
However, slot games provided some relief, with a slight 0.3% increase, bringing in $381.9 million. Even with this minor uptick in slot revenue, the overall performance on the Strip last year showed a clear downward trend, reflecting broader challenges in the gaming market.
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