Las Vegas Strip gaming revenue falls 2.9% Y-o-Y to $646.87 million in April

Las Vegas Strip gaming revenue fell for the third consecutive month in April, as visitation to the city continued to decline and air travel dipped, despite a rebound in convention attendance, according to state and local tourism officials.

Casinos on the Las Vegas Strip generated $646.87 million in gaming win in April, down 2.9% from $666.06 million in the same month last year, figures from the Nevada Gaming Control Board showed. The Strip’s downturn contributed to a slight statewide decline, with total gaming win across Nevada slipping 0.5% to $1.23 billion.

"Markets overall were stable and consistent," said Shelley Newell, senior economic analyst at the Control Board, noting that April marked the 50th consecutive month in which Nevada casinos posted more than $1 billion in gaming revenue.

While the Strip lagged, other Southern Nevada markets posted gains. Downtown Las Vegas gaming win rose 1% to $83.6 million. Year-to-date, Clark County gaming revenue is down 1.3% to $11.3 billion, with Strip properties off 3.3% and downtown casinos up 2.7%.

Nevada collected $68.05 million in gaming taxes in April, in line with previous months.

Tourism also showed continued weakness. Las Vegas welcomed 3.3 million visitors in April, down 5.1% from a year earlier — the fourth straight month of year-over-year declines. The Las Vegas Convention and Visitors Authority (LVCVA) attributed the dip to “consumer uncertainty with evolving federal policies,” including the impact of President Donald Trump’s trade war and recent remarks about Canada.

“With a strong convention segment and events including Wrestlemania, counterbalanced by consumer uncertainty with evolving federal policies, visitation saw a net year-over-year decrease of 5.1 percent,” said Kevin Bagger, the LVCVA’s research director.

Air travel mirrored the broader tourism trends. Passenger volume at Harry Reid International Airport fell 3.6% to 4.7 million in April. Spirit Airlines traffic dropped 26.8% year-over-year, while Southwest Airlines fell 3.6% year-to-date.

International air traffic also weakened. Arrivals and departures declined 3.4% to 310,969 passengers, with Canadian carriers Air Canada and WestJet reporting double-digit drops.

Despite the overall decline in visitors, business travel remained strong. Convention attendance surged 13.9% year-over-year to 573,600 in April, buoyed by events like the International Sign Expo (21,000 attendees), the American Urological Association meeting (15,000), and The Carwash Show (10,000). The National Association of Broadcasters also held its annual convention that month.

Hotel metrics were mixed. Overall occupancy declined by 1 percentage point to 84.5%, though weekend occupancy ticked up to 93.8%. Midweek stays dropped to 81.2%. The average daily room rate on the Strip rose 4.4% to $203.17, while downtown rates climbed 4.5% to $100.87.

The LVCVA projected a 5% decline in room tax revenue for the upcoming fiscal year. “A conservative approach … in recognition that there’s some uproar,” said LVCVA President Steve Hill.

An Easter calendar shift from March in 2024 to April in 2025 helped support this year’s figures slightly. Gaming analysts noted that baccarat hold was down, though slot handle improved.

The state’s fiscal year-to-date gaming tax revenue totaled $911.2 million, down just 0.07% from the previous year. Nevada also collected $24.5 million in fines over the last three months from disciplinary actions involving Resorts World Las Vegas, MGM Resorts International, and Wynn Resorts.