Nevada casinos recorded a marginal decline in gaming revenue in September, as gains on the Las Vegas Strip were outweighed by weaker results in several other markets. The state’s 453 casinos generated approximately $1.282 billion in gaming win, down 0.05% from the same month in 2025, according to figures released by the Nevada Gaming Control Board (NGCB).
The results (pdf) left statewide gaming win nearly unchanged year over year, although revenue for the opening three months of the 2027 fiscal year remained ahead of the previous year’s performance. From July through September, casinos generated nearly $3.94 billion, representing an increase of approximately 1.7%.
The Las Vegas Strip delivered a modest improvement in September, with gaming win rising around 0.8% to approximately $693.5 million. However, declines across other parts of Clark County, including downtown Las Vegas and Laughlin, offset the increase.
Jordan Bender, an analyst with Citizens, said the state’s monthly gaming win was “slightly below expectations.”
In a research note, Bender attributed the weaker performance to a decline in table-game revenue, writing: “The underperformance stemmed from mass table revenue declining 5% year-over-year, despite an easy comparison in the prior year, following a 19% decline in August.”
He also pointed to discussions during Global Gaming Expo and Boyd Gaming’s earnings call, where companies described softer trends across the Las Vegas Valley in August and September. Those observations raised questions about whether the strength seen during the summer months would continue.
Strip Growth Fails to Offset Losses Across Clark County
The Strip remained Nevada’s largest gaming market, but its increase was insufficient to lift the wider region. Clark County, which includes downtown Las Vegas, Laughlin, the Boulder Strip and Mesquite, recorded gaming win of approximately $1.08 billion to $1.09 billion, depending on the figures reported, with the first source putting the year-over-year decline at 0.95%.
Downtown Las Vegas experienced a more pronounced contraction. Gaming win fell approximately 7.5% to between $82.5 million and $82.6 million. The Boulder Strip was broadly stable, with revenue of around $83.2 million, down marginally year over year.
Laughlin recorded one of the steepest declines among Southern Nevada markets. Gaming win fell 16.8% to approximately $33.7 million to $33.8 million. Mesquite also posted a decrease, with revenue down 1.35% to $15.2 million.
North Las Vegas moved in the opposite direction. Gaming win increased 9.18% to $25.1 million, making it one of the stronger-performing Southern Nevada markets. The balance of Clark County recorded a 3.01% decline to $154.2 million.
Despite September’s statewide weakness, Clark County remained ahead for the fiscal year to date. Gaming win across the county increased approximately 1% to $3.32 billion during the July-to-September period. The Strip generated around $2.15 billion over the same three months, up 1.7% year over year.
Downtown Las Vegas continued to lag over the quarter, with gaming win declining 6.6% to $212.5 million.
Northern Nevada and Regional Markets Record Mixed Results
Performance outside Clark County varied considerably. Washoe County generated approximately $101 million in gaming win, an increase of 0.4% year over year, according to the second report. Within the county, however, Reno recorded a decline of 3.5% to approximately $72.9 million.
Sparks provided a stronger result. Gaming win there increased around 20.8% to $17.1 million, with the second report putting the figure at $17.2 million. The increase made Sparks the only jurisdiction in Washoe County to record double-digit growth.
North Lake Tahoe posted a 1.1% decline to $2.2 million, while the outlying areas recorded a 1.1% increase to $8.5 million.
Elko County was another notable performer. Gaming win rose approximately 11.6% to 11.7%, reaching $35.2 million. Wendover generated $22.8 million, an increase of 8.1%, while the balance of Elko County reported an 18.8% rise to $12.3 million.
South Lake Tahoe also recorded growth, with gaming win increasing 12.5% year over year to $26.5 million. The Carson Valley area, which includes Carson City, Gardnerville, Minden and the parts of Douglas County outside South Lake Tahoe, reported a 6.6% increase to $12.1 million.
These results illustrate the uneven performance across Nevada‘s regional markets, with some areas reporting substantial gains while established destinations such as Reno and downtown Las Vegas experienced declines.
Slot Revenue Rises as Table Games Weaken
The statewide figures also showed a divergence between gaming categories. Table-game win fell 3.6% year over year to $333.7 million, while slot-machine win increased 1.3% to $948.9 million.
Among table games, craps recorded one of the largest declines, with revenue falling 25.1% to $32.6 million. Blackjack win dropped 6.3% to $94 million.
Other table games performed better. Baccarat revenue increased 11.5% to $58.6 million, while roulette win rose 20.3% to $33.6 million.
Slot-machine results also varied by category. Penny-slot win declined 21.4% statewide to $113.9 million. Multi-denomination machines, the largest slot category by gaming win, generated $777.4 million, an increase of 7.6%.
The difference between slot and table-game performance provides additional context for the state’s overall result. Although slot revenue increased, the decline in table games contributed to the largely flat statewide total.
Taxable Revenue and State Collections Decline
Separate figures from the NGCB showed that statewide taxable gaming revenue fell 1.5% in September to $1.264 billion. For the first three months of the fiscal year, taxable revenue was up 0.1%.
The state collected $81.1 million in percentage fees during October through October 20, based on taxable gaming revenue generated in September. That represented a 6.8% decline, or approximately $5.8 million, compared with the $87 million collected during the corresponding period a year earlier.
Percentage-fee collections for the fiscal year to date reached $337.9 million, down 2.7% year over year.