Las Vegas Strip Ends Four-Month Skid, Gaming Up One Percent in June

Posted on: July 30, 2025, 02:24h. 

Last updated on: July 30, 2025, 02:36h.

Devin O'Connor @CasinoorgDevinO Read More
Expertise: Asia Pacific Gaming, Commercial Gaming, Legislation, Politics.
  • June casino revenue on the Strip was positive for the first time since January
  • There are many concerns about Las Vegas’ near-term economic outlook
  • Visitation remains sharply down in Southern Nevada this year

June was a welcome rebound to the most critical component of the United States gaming industry, as gaming revenue on the Las Vegas Strip ended a four-month slide.

Las Vegas Strip casino revenue GGR Nevada
The Las Vegas Strip and Caesars Palace are seen at night. The Strip saw casino revenue return to positive in June 2025 after four consecutive months of year-over-year declines. (Image: Shutterstock)

On Wednesday, the Nevada Gaming Control Board (NGCB) reported that gross gaming revenue (GGR) on the Strip climbed 0.9% year over year to $765.3 million. June’s slight improvement from 2024 ended revenue declines experienced in February, March, April, and May.

The four-month slowdown on the Strip has led to much angst among casino companies and their investors. Casino.org reported this month that sentiment for the Las Vegas Strip remains low, with the leisure segment most responsible for the bearishness.

June bucked the trend, at least in terms of gaming. Last month on the Strip benefited from slots, as the machines saw GGR increase by 10% to $420.2 million.

Slots easily bridged large year-over-year losses incurred by tables, with revenue from blackjack, craps, and roulette all down more than 20%. Every table game reported lower revenue, with Ultimate Texas Hold’em the lone exception.

Oddsmakers were also a bright spot, as sportsbooks reported GGR of $20.4 million, up 47% from a year ago.

Statewide, GGR was up 3.5% to $1.33 billion, as the locals’ markets saw strong play. Truist Securities analyst Barry Jonas said the locals’ market was up 10% in June and 4% for the second quarter.

Notable markets included downtown Las Vegas, where GGR was up 10.5% to $73.2 million. Laughlin was up 7% to $40 million, Boulder was up 19% to $87.3 million, and Reno was up 6% to $67.8 million.

Over the past 12 months, Nevada GGR is down almost 1% to approximately $15.63 billion. 

Visitor Numbers Plummet 

June began what Las Vegas casino operators hope is the start of a strong second half to 2025. A less than 1% GGR uptick, however, isn’t much with higher overhead and costs for just about every aspect of a resort’s operation.

For stronger casino revenue, Las Vegas needs many more visitors. They didn’t come last month.

The Las Vegas Convention & Visitors Authority (LVCVA) reveals that June visitor volume totaled 3,094,000 travelers, a 11.3% drop from June 2024. Convention attendance was down almost 11% to 374,600 people.

The LVCVA said the June numbers reflected “the broader backdrop of persistent economic uncertainty and weaker consumer confidence.”

Hotel occupancy for Las Vegas was down 6.5% to 78.7%, with average room rates dropping to $164 citywide and to $174 on the Strip.

Through six months of 2025, Las Vegas has welcomed 1,536,500 fewer visitors, a year-over-year decline of 7.3%. Average nightly room rates are 5.5% lower, and revenue per available room, or RevPAR, is almost 8% lower. 

Air Traffic Grounded 

Statistics from Harry Reid International Airport show that air traffic was also down in June. Las Vegas’ primary airport says total passengers in June landed around 4.72 million travelers, a more than 6% year-over-year reduction.

That pushed year-to-date arriving and departing passenger numbers to a 4.1% loss. Harry Reid International accommodated 1,191,377 fewer passengers in the first half of the year in 2024.

Domestic air travelers slowed 6.1% in June, while international passengers declined about 10%.