Nevada's December gaming win falls 1.55% to $1.44 billion, Strip revenue drops over 6%

Nevada gaming revenue slipped in December, weighed down by a sharp decline on the Las Vegas Strip, even as the state managed to post a modest increase for the full year, according to data released by the Nevada Gaming Control Board (NGCB).

Nonrestricted gaming licensees reported nearly $1.44 billion in gaming win for December, a 1.55% decline from a year earlier. The Las Vegas Strip posted the steepest fall among major segments, with revenue down more than 6% year on year to $827.7 million.

The Strip’s weakness pulled Clark County totals down 2.21% to $1.26 billion, despite gains across most other local markets.

Downtown Las Vegas reported $86.1 million, up 4.7%, while North Las Vegas rose 5.3% to $26.6 million. The Boulder Strip increased 9.3% to $95.7 million, and Laughlin and Mesquite recorded gains of 9.8% and 11.7%, respectively.

Elsewhere, Washoe County gaming win edged up 1.5% to $91.4 million, though Reno casinos saw a 1.6% decline. South Lake Tahoe rose 7.47%, while Elko County posted a modest increase of about 2%.

Sports betting produced a sharp rebound in December, with sportsbooks winning $67.6 million, up 351.9% from a year earlier, aided by a stronger hold percentage. Betting handle, however, fell 9.1% to $746.7 million, with mobile wagering accounting for 72.5% of total bets placed statewide.

The state collected nearly $88.5 million in percentage fees during the month, a 2.26% year-over-year decline. For the fiscal year to date, collections topped $601.8 million, up 3.78% compared with the same period last year.

Despite the December slowdown, Nevada finished 2025 with a 1.2% increase in gaming revenue, according to year-end calculations issued by the Gaming Control Board. The Las Vegas Strip ended the year 0.3% higher, even after its sharp December decline.

December marked the 58th consecutive month in which statewide gaming win exceeded $1 billion, and total win was 36% higher than pre-pandemic December 2019, underscoring the sector’s longer-term recovery despite late-year softness on the Strip.

On the Strip, games win declined 5% to $366.6 million in December. Baccarat win fell 20.7% to $156.4 million, despite higher betting volume. Slot coin-in reached an all-time high of $6.4 billion, although slot win dropped 6.9% during the month.