The Nevada gaming industry started the year strongly, reporting a total gaming win of $1.44 billion in January, up 12.54 percent year-over-year from 2024 when it was $1.28 billion.
On a rolling twelve-month basis, however, total gaming wins were up just 0.03 percent. The stagnation could be due to reasons such as the increased appeal of crypto casinos and sportsbooks or external factors such as increased cost of living and global economic uncertainty reducing people’s net leisure spending.
The state collected $108.69 million in tax revenue, up 8.99 percent from last year’s figure. Year-to-date collections totalled $688.59 million.
From $100 Slots to Pennies: Trends in Nevada’s Slot Revenue
The most significant revenue driver in the Silver State remained slots by some distance. Total slot revenue for January was $915.27 million, a modest 3.37 percent increase year-over-year.
Multi-denomination slots remained the strongest category, generating $656.85 million for January 2025, showing a 15.88 percent increase from $566.83 million in January 2024.
The growth offset declines in low-value denomination slots. $1 slots dropped 6.52 percent from $49.12 million in 2024 to $45.90 million, with $0.25 slots falling 17.25 percent from $16.7 million to $13.82 million. The largest percentage decline was $100 slots, which decreased 40.6 percent, generating $1.56 million in revenue from $2.63 million in January last year.
Blackjack’s Decline vs. Baccarat’s Rise: Changing Trends in Nevada Gaming
A remarkable year of growth for Baccarat has seen it dwarf Blackjack in January 2025. Baccarat revenue grew 119.49 percent to $215.2 million, up from just $98 million in 2024. Blackjack revenue fell 12.33 percent to $86.12 million from $98.21 million.
Roulette revenue grew 27.38 percent to $34.92 million from $27.41 million, and Ultimate Texas Hold’Em was up 11.24 percent to $18.47 million. 3-Card Poker fell 4.63 percent, and Keno a more significant 16.47 percent. The two games generated $8.96 million and $1.14 million respectively. Traditional poker was reasonably stagnant, dropping $0.43 million to $8.96 million for January 2025.
Mobile Sports Betting Surge: The Future of Gambling in Nevada
Although Nevada does not permit online casinos other than poker, mobile sports betting continues to grow in the state. Mobile sports betting revenue rose 41.94 percent to $42.73 million in January 2025. On a sports level, basketball saw substantial growth (retail and online), showing a 19.56 percent rise and hitting $21.7 million. Betting on American Football dipped just 0.04 percent from the year prior.
The world-famous Las Vegas Strip prevented a seventh consecutive month of year-over-year revenue decline, posting $840 million in revenue, up 22.4 percent year-over-year. This was Sin City’s third best month in history.
The Dark Side of Crypto in Vegas: Uncovering a $24 Million Fraud
Also in Las Vegas, a man has been charged with allegedly defrauding over 400 investors of $24 million through an AI-driven crypto mining scheme. He falsely promised lucrative fixed returns and a 100 percent money-back guarantee.
A statement from the US Attorney’s Office for the District of Nevada said in a statement: “Mr Kovar allegedly stole victims’ hard-earned money by making false representations regarding his investment company, including misleading some victims to believe their investments were backed by the FDIC.”
Explore more articles like this
Subscribe to the Markets Outlook newsletter
Get critical insights to spot investment opportunities, mitigate risks, and refine your trading strategies. Delivered every Monday
Coinpectra is a free to read website, by purchasing a product through affiliate links in our content, we may earn a commission at no extra cost for our readers. Which will allow us to finance our operations and continue with our research work for our readers. We ensure all recommendations go through in-depth editorial checks to maintain accuracy and quality. You can learn more about this on Content Guidelines and How We Rate pages.
