Las Vegas Casino Statistics 2026: 42 Facts From NGCB & UNLV

Las Vegas Casino Statistics 2026: Gaming Revenue, Records & House Edge

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Nevada casinos won $15.8 billion in 2025 — a new all-time statewide record, even as Las Vegas visitor volume fell 7.5%. The Strip held at $8.8 billion. Downtown hit a new record of $951.2 million. Per-visitor gaming spend is up 49.7% from 2019. Here are 42 verified statistics from the Nevada Gaming Control Board and UNLV.

  • $15.8 billion — Nevada statewide gaming revenue in 2025, new all-time record, up 1.2% from 2024’s prior record (Nevada Gaming Control Board).
  • $8.8 billion — Las Vegas Strip gaming revenue in 2025, flat year-over-year despite 7.5% fewer visitors (NGCB, 2025).
  • $951.2 million — Downtown Las Vegas gaming revenue in 2025, new all-time downtown record, up 2.1% from 2024 (NGCB, 2025).
  • $229 — Gaming revenue per Las Vegas visitor in 2025, up 49.7% from $153 in 2019 (PSS Analysis: NGCB ÷ LVCVA).
  • 38% of Strip casino resort total revenue now comes from non-gaming sources — hotel, F&B, entertainment, retail (UNLV Center for Gaming Research).
  • 0.46% — Lowest house edge available in Las Vegas (video poker, full-pay Jacks or Better, optimal play) vs. 25–30% for keno (UNLV Gaming Research).
  • $8B+ — Nevada sports betting handle in 2025, continuing growth driven by Raiders, Golden Knights, and Formula 1 (Nevada Gaming Control Board).

 

Bar chart of Nevada statewide gaming revenue from .05B in 2019 to new all-time record of .8B in 2025 per Nevada Gaming Control Board
Nevada casinos set a new all time gaming revenue record of $158 billion in 2025 the second consecutive annual record Source Nevada Gaming Control Board

 

1. Nevada Statewide Gaming Revenue

$15.8B
Nevada statewide gaming revenue in 2025 — new all-time record, up 1.2% from the 2024 record of $15.61 billion (Nevada Gaming Control Board, February 2026)
2nd Consecutive
Annual gaming revenue record — Nevada set back-to-back all-time records in 2024 and 2025 despite 2025 tourism softening (NGCB)
6.75%
Nevada gaming tax rate on gross revenue over $134,000/month — among the lowest major gaming jurisdiction rates nationally (Nevada Gaming Control Board)
2019
$12.05B
2020 (COVID)
$7.07B
2021
$13.41B
2022
$14.84B
2023
$15.05B
2024 (Prior Record)
$15.61B
2025 (New Record)
$15.8B ★

Nevada gaming taxes collected in 2025 were approximately $1.2–$1.3 billion — funding public education and state services with no state income tax. The 6.75% tax rate on gross gaming revenue over $134,000 per month is deliberately competitive, designed to attract casino investment while still generating meaningful public revenue. Nevada’s gaming tax structure has been largely unchanged for decades — a policy continuity that gives operators the regulatory stability to invest in long-term capital projects like the $2.3 billion Sphere.

Source: Nevada Gaming Control Board — Monthly Gaming Revenue Reports | UNLV Center for Gaming Research — Nevada Gaming Revenues 1984–2025

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2. Las Vegas Strip Gaming Revenue

$8.8B
Las Vegas Strip gaming revenue in 2025 — flat year-over-year despite 7.5% visitor decline (Nevada Gaming Control Board, 2025 year-end)
+35.6%
Strip gaming revenue growth from 2019 ($6.49B) to 2025 ($8.8B) — structural increase in per-visitor gambling spend (NGCB / UNLV historical data)
$3.49B
Strip gaming revenue in COVID-impacted 2020 — the pandemic-era low the market has since nearly tripled from (NGCB historical data)

The Strip’s ability to hold $8.8 billion in gaming revenue while absorbing a 7.5% visitor count decline reveals a fundamental shift in Las Vegas’s visitor composition. Budget travelers who flew in on Spirit Airlines (before its bankruptcy) and budget Canadian visitors who drove across in prior years are no longer arriving — but the higher-spending gamblers who remain are wagering more per trip. This is less a gaming market in decline than a market that shed its lowest-margin visitors while retaining its highest-value ones.

Source: Nevada Gaming Control Board — Monthly Gaming Revenue Reports

Read: Las Vegas Tourism Statistics 2026 — Full Visitor Data

3. Downtown Las Vegas Gaming Revenue

$951.2M
Downtown Las Vegas gaming revenue in 2025 — new all-time annual record for Fremont Street area casinos (Nevada Gaming Control Board, 2025)
+2.1%
Year-over-year increase from 2024’s prior downtown record of $931.3 million (Nevada Gaming Control Board)
2 Records
Both downtown Las Vegas ($951.2M) and Nevada statewide ($15.8B) set all-time records in 2025 — the same year leisure tourism fell 7.5% (NGCB)
Myth: “Las Vegas Tourism Decline = Casino Decline”
The 2025 data disproves this. Downtown gaming hit an all-time record. Nevada statewide hit an all-time record. Strip gaming held flat. Gaming revenue and visitor volume diverged significantly in 2025 — making visitor count alone a poor proxy for casino market health. The metrics that matter (revenue, per-visitor spend, tax collections) all outperformed the headline visitor number.

Source: Nevada Gaming Control Board — Monthly Gaming Revenue Reports

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4. House Edge by Game — Las Vegas Reference Guide

0.46%
Lowest house edge in Las Vegas — video poker (full-pay Jacks or Better, optimal play). Requires learning optimal strategy (UNLV Center for Gaming Research)
5.26%
American roulette house edge (double-zero wheel) — the most common roulette variant on the Strip (UNLV Center for Gaming Research)
25–30%
Keno house edge — the worst expected-value game available in Nevada casinos (UNLV Center for Gaming Research)

 

Horizontal bar chart comparing Las Vegas casino house edge by game from video poker at 0.46 percent to keno at 25 to 30 percent per UNLV Center for Gaming Research
House edge by Las Vegas casino game ranges from 046 video poker optimal play to 2530 keno Source UNLV Center for Gaming Research

 

Game House Edge Notes Source
Video poker (full-pay JoB, optimal) 0.46% Requires learning optimal strategy per pay table UNLV Gaming Research
Blackjack (3:2 payout, basic strategy) ~0.5% 6:5 payout rules raise edge to 1.4–1.9% UNLV Gaming Research
Baccarat (banker bet) 1.06% Player bet: 1.24%; Tie bet: ~14.4% UNLV Gaming Research
Craps (pass line) 1.41% Full odds behind the pass line reduces blended edge UNLV Gaming Research
Roulette (European, single-zero) 2.70% Available at select Strip properties UNLV Gaming Research
Roulette (American, double-zero) 5.26% Most common variant on the Strip UNLV Gaming Research
Slot machines 2–15% Higher denomination = lower edge; varies by property UNLV Gaming Research
Keno 25–30% Worst expected-value game in Nevada casinos UNLV Gaming Research

The gap between the best and worst Las Vegas casino games is staggering — 0.46% vs. 30% is a 65× difference in house advantage. Playing video poker versus keno on the same $100 session, the expected loss is $0.46 versus $25–$30. These are theoretical figures based on optimal play and standard rules; actual hold percentages vary by property and player behavior.

Source: UNLV Center for Gaming Research — Nevada Gaming Data and House Edge Analysis

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5. Non-Gaming Revenue & Casino Industry Structure

38%
Share of Strip casino resort total revenue from non-gaming sources (hotel, F&B, entertainment, retail) — up from under 50% in 2000 (UNLV Center for Gaming Research)
200+
Licensed gaming establishments in the greater Las Vegas metro — Strip, downtown, locals casinos, and off-Strip properties combined (Nevada Gaming Control Board)
$8B+
Nevada sports betting handle in 2025 — total wagers accepted statewide, driven by Raiders, Golden Knights, and Formula 1 (Nevada Gaming Control Board)

Las Vegas’s revenue diversification has transformed the casino business model. When Bellagio opened in 1998, its restaurant collection and gallery were novelties. Today, Strip resorts treat hotel, F&B, and entertainment as co-equal revenue streams that also drive gaming traffic — each profitable independently and collectively creating an ecosystem where visitors spend more per trip even when they gamble less per dollar.

Source: UNLV Center for Gaming Research — Nevada Casino Departmental Revenues 1984–2024

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Las Vegas Casino Statistics — Summary Reference Table

Statistic Figure Source Year
Nevada statewide gaming revenue $15.8 billion (record) Nevada Gaming Control Board 2025
Nevada statewide YoY change +1.2% Nevada Gaming Control Board 2025 vs. 2024
Las Vegas Strip gaming revenue ~$8.8 billion Nevada Gaming Control Board 2025
Strip revenue YoY change Flat Nevada Gaming Control Board 2025 vs. 2024
Downtown Las Vegas gaming revenue $951.2 million (record) Nevada Gaming Control Board 2025
Downtown YoY change +2.1% Nevada Gaming Control Board 2025 vs. 2024
Prior downtown record $931.3 million Nevada Gaming Control Board 2024
Strip gaming revenue (2019 baseline) $6.49 billion Nevada Gaming Control Board 2019
Strip gaming revenue (COVID low) $3.49 billion Nevada Gaming Control Board 2020
Gaming revenue per visitor (PSS calc) $229 PSS Analysis (NGCB ÷ LVCVA) 2025
Gaming revenue per visitor (2019) $153 PSS Analysis (NGCB ÷ LVCVA) 2019
Per-visitor gaming spend increase +49.7% PSS Analysis 2019–2025
Nevada gaming tax rate (top tier) 6.75% Nevada Gaming Control Board Current
Estimated Nevada gaming tax revenue ~$1.2–1.3 billion Nevada Dept. of Taxation 2025
Nevada sports betting handle $8B+ Nevada Gaming Control Board 2025
Non-gaming share of Strip revenue ~38% UNLV Center for Gaming Research Current
Licensed gaming establishments (metro) 200+ Nevada Gaming Control Board Current
Major casino hotels on the Strip ~30 LVCVA / NGCB Current
House edge — video poker (full-pay) 0.46% UNLV Center for Gaming Research Current
House edge — blackjack (3:2, basic) ~0.5% UNLV Center for Gaming Research Current
House edge — baccarat (banker) 1.06% UNLV Center for Gaming Research Current
House edge — craps (pass line) 1.41% UNLV Center for Gaming Research Current
House edge — roulette (European) 2.70% UNLV Center for Gaming Research Current
House edge — roulette (American) 5.26% UNLV Center for Gaming Research Current
House edge — slots (range) 2–15% UNLV Center for Gaming Research Current
House edge — keno 25–30% UNLV Center for Gaming Research Current

Frequently Asked Questions

What was Nevada gaming revenue in 2025?
Nevada nonrestricted casino licensees won $15.8 billion in 2025 — a new all-time statewide record, up 1.2% from the previous record of $15.61 billion set in 2024, according to the Nevada Gaming Control Board December 2025 year-end report.
What was Las Vegas Strip gaming revenue in 2025?
Las Vegas Strip gaming revenue was approximately $8.8 billion in 2025 — flat year-over-year despite a 7.5% decline in overall visitor volume, according to the Nevada Gaming Control Board. Per-visitor gambling spend increased to compensate for lower traffic.
Did downtown Las Vegas set a gaming record in 2025?
Yes — downtown Las Vegas casinos generated $951.2 million in 2025, a new all-time annual record for downtown, up 2.1% from the prior record of $931.3 million set in 2024, per the Nevada Gaming Control Board.
What casino game has the best odds in Las Vegas?
Video poker (full-pay Jacks or Better with optimal play) offers a house edge of approximately 0.46%. Blackjack with basic strategy on a 3:2 payout game is approximately 0.5%. Baccarat banker bet is 1.06%. These are the three lowest house-edge games available on most Las Vegas casino floors. Source: UNLV Center for Gaming Research.
What percentage of Las Vegas casino revenue comes from non-gaming?
Strip casino resorts now generate approximately 38% of total revenue from non-gaming sources — hotel rooms, food and beverage, entertainment, retail, and nightlife. This represents a major shift from the pre-2000s model when gaming dominated. Source: UNLV Center for Gaming Research, Nevada Casino Departmental Revenues.
Methodology & Primary Sources
  • Nevada Gaming Control Board — Monthly Gaming Revenue Reports, December 2025 year-end; full year 2025 monthly data
  • UNLV Center for Gaming Research — Nevada Gaming Revenues 1984–2025; Nevada Casino Departmental Revenues 1984–2024; house edge analysis
  • Las Vegas Review-Journal — February 2026 year-end casino revenue reporting
  • LVCVA Research Center — Visitor counts used in PSS Analysis calculation

All gaming revenue figures are from official NGCB monthly reports. House edge figures are theoretical based on standard rules and optimal play — actual casino hold percentages vary by property and player behavior. PSS Analysis figures are derived calculations combining two Tier 1 sources.

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