Nevada Gaming Win FY2025: Slots, Baccarat & Tables

Nevada gaming win reached $15,639,653,228 in fiscal year 2025 (July 2024 through June 2025), according to the Nevada Gaming Control Board (NGCB). This reference page collects the state regulator's official figures on how that revenue splits between slot machines and table games, between counties, and between individual games such as baccarat, blackjack and craps, and adds the calendar-2025 Las Vegas Strip results reported by the industry press. Where we calculate a number ourselves, it is labeled as derived.

Key Findings

• Statewide gaming win in FY2025 was $15.64 billion: $10.61 billion from slots (67.8%) and $5.03 billion from table, counter and card games (32.2%).
• Clark County (Las Vegas) produced $13.58 billion, or 86.8% of the state total; Washoe County (Reno) was second at $1.06 billion (6.8%).
• Baccarat was the largest table game at 8.9% of total win, ahead of blackjack at 7.9%, sports pool at 3.3%, and roulette and craps at 2.8% each.
• Gaming taxes and license fees reached $1,205,895,956, about 7.7% of gaming win.
• On the Strip in calendar 2025, win was about $8.8 billion (essentially flat, +0.03%) while visitation fell 7.5% to 38.54 million; baccarat win percentage rose to 16.25% from 15.69%.

Methodology and Data Sources

Statewide and county figures come from the NGCB's fiscal year 2025 information sheet, which reports gaming win from the board's Quarterly Statistics Report and category shares from its Monthly Revenue Report, both as of July 24, 2025. Tax and fee collections are from the board's collections summary as of September 16, 2025. Las Vegas Strip, Downtown and calendar-year 2025 figures are drawn from press coverage of the NGCB's monthly reports published by Casinos.com.

Dollar amounts for individual games (for example baccarat) are derived by multiplying the NGCB's published percentage share by statewide gaming win. They are estimates rounded to the nearest million and carry the rounding error of the one-decimal percentages, which is up to about ±0.05 percentage points, or roughly ±$8 million per game. Fiscal-year figures (July to June) and calendar-year figures (January to December) are not interchangeable and are labeled separately throughout. "Win" means the amount casinos keep after paying winning bets; it is not profit and is before expenses and taxes.

Gaming Win by Slots and Table Games

Nevada remains a slot-driven market. Slot machines delivered roughly two of every three gaming dollars in FY2025, with the remainder from table, counter and card games.

The NGCB also reports slot win by denomination. Multi-denomination machines alone accounted for 48.8% of total gaming win, far ahead of penny slots at 13.1%. Dollar machines contributed 3.2%, quarter machines 1.1%, five-dollar machines 0.3% and nickel machines 0.2%. The listed denominations sum to about 66.7% of total win; the board's slot total is 67.8% of win, so a small remainder sits in categories the information sheet does not itemize.

Gaming Win by County and Region

Geography is highly concentrated. Clark County, which includes the Las Vegas Strip, Downtown Las Vegas, Henderson and Laughlin, generated $13,581,286,528. Washoe County, home to Reno and Sparks, generated $1,063,661,367. Elko County, whose casinos serve interstate traffic and the northeastern part of the state, produced $402,248,335. South Lake Tahoe and Carson Valley together added about $377 million. The information sheet does not separate the Las Vegas Strip from the rest of Clark County, so Strip-specific figures below come from monthly reports and are on a calendar-year basis.

Table Game Win by Game

Among table, counter and card games, baccarat leads. The shares below are the NGCB's published percentages of total statewide win; the dollar figures are our derived estimates.

The six listed categories add up to 27.1% of total win, against a table-and-card segment of 32.2%. The difference, about 5.1 percentage points or roughly $790 million, is made up of games the information sheet does not itemize, such as other card and specialty games.

Baccarat alone, at a derived $1.39 billion, is larger than blackjack ($1.24 billion) by roughly $156 million, and larger than roulette and craps combined ($876 million) by about $516 million. Sports pool win of $516 million shows how significant sports wagering has become inside the state's traditional casino mix, though it remains smaller than either baccarat or blackjack. See our US sports betting state guide for how Nevada compares with other regulated markets.

Taxes and Fees

Gaming taxes and license fees collected statewide in FY2025 totaled $1,205,895,956 according to the Quarterly Statistics Report, of which Clark County accounted for $1,051,176,218, or 87.2%. The General Fund received $1,162,005,946 and dedicated funds for schools and counties $39,847,368. The collections summary reports a slightly different total of $1,201,853,314, a gap of about $4.0 million that reflects the different reporting dates and sources.

Dividing taxes and license fees by gaming win gives a derived effective burden of about 7.7%, while percentage fees alone equal about 6.3% of win. Readers comparing jurisdictions should also review our casino hub and the online casino comparison for how the regulated online market differs.

Licensing and Regulatory Scale

The board reported 2,996 active licenses as of the quarter ended June 30, 2025: 2,072 restricted licenses, 133 nonrestricted Group I, 323 nonrestricted Group II, 47 slot route operators, 388 manufacturer and distributor licenses and 33 other. Its device tables list 4,793 table and counter game devices and 637 card game devices. The slot device table in the source document is difficult to reconcile (restricted and nonrestricted counts do not cleanly sum to the labeled total), so we do not use it to compute win per machine. The board's FY2025 authorized budget was $67.8 million, and its FY2026 budget is $65.0 million.

Las Vegas Strip: Calendar-Year 2025 Snapshot

The Strip's 2025 story was a market holding revenue while attracting fewer visitors: win was flat even though visitation dropped 7.5%, below the 2016 record of 42.9 million. Slot revenue shifted markedly toward multi-denomination machines, which grew 13.78%, while penny and quarter slots declined 35.55% and 25.55%.

What baccarat's rising hold implies

For table games, the NGCB reports win percentage as win divided by drop (the cash and credit instruments exchanged for chips), not as a percentage of total money wagered. Using the reported figures, a derived estimate of baccarat drop is about $8.6 billion in 2025 ($1.4 billion divided by 16.25%) versus about $8.6 billion in 2024 (2025 revenue deflated by 3.8%, divided by 15.69%). That implies drop was essentially flat, up roughly 0.2%, and that the 3.8% revenue increase came almost entirely from the higher win percentage rather than from more money being brought to the tables. Because baccarat revenue is reported rounded to $0.1 billion, this derived drop figure is only indicative. Note also that a win percentage on drop is not comparable to the mathematical house edge: players re-bet chips many times, so win on drop can run far above the roughly 1% edge on the banker bet. Our casino guides explain how house edge and hold differ.

Downtown Las Vegas

Downtown Las Vegas posted 2025 gaming revenue of $931 million, up 2.14%, with a table-game win percentage of 9.62% and a machine win percentage of 8.3%. Multi-denomination games rose 19.26% and penny slots fell 29.7%, mirroring the Strip's shift away from low-denomination machines.

How to Read the Numbers

Three cautions apply when citing Nevada gaming statistics. First, fiscal-year and calendar-year totals differ: the NGCB's FY2025 total of $15.64 billion and the press-reported calendar 2025 figure of nearly $15.8 billion describe different twelve-month windows. Second, "win" is revenue to the casino before expenses, not profit. Third, Nevada's numbers cover licensed land-based casinos and Nevada's regulated sports betting, including mobile sports wagering, but the state does not offer regulated online casino games, so comparisons with states such as New Jersey or Pennsylvania should separate online casino revenue. Readers interested in the online side can start with our crypto gambling and online casino resources.

Derived Ratios Worth Citing

Simple ratios built from the official totals make the market structure easier to compare across years and jurisdictions. Slot win was 2.11 times table-game win in FY2025. Baccarat's derived win was about 1.13 times blackjack's. Clark County's win was 12.8 times Washoe County's. Taxes and fees per dollar of gaming win were about 7.7 cents. Each of these is calculated from the NGCB figures above and should be cited as derived. Because the percentages are published to one decimal place, ratios between small categories (for example roulette and craps, both listed at 2.8%) are less precise than ratios between large ones.

Glossary of Terms Used in Nevada Gaming Reports

Win

The amount a casino retains from gaming activity after paying out winning bets. For slot machines, win is coin-in minus payouts; for table games it is the value of chips sold and cash dropped minus chips returned, after accounting for credit and fills.

Drop

The total of cash and credit instruments exchanged for chips at a table game. The NGCB's "win percentage" for table games divides win by drop, which is why it can differ widely from the theoretical house edge of any individual bet.

Hold

The share of money that stays with the casino. Industry analysts often use hold and win percentage interchangeably, but the denominator matters: drop for tables, coin-in for slots, and handle for sports betting.

Handle

The total amount wagered on sports bets before any payouts. The NGCB reports sports pool win, which is the revenue after paying winners, rather than handle in the information sheet used here.

Percentage fee

Nevada's main gaming tax, levied as a percentage of gross revenue. In the collections summary above it was the largest component of FY2025 collections, at $986.4 million or 82.1% of the total, which makes tax receipts closely track gaming win from year to year.

Restricted and nonrestricted licenses

Restricted licenses generally cover small operations with a limited number of machines, such as taverns and convenience locations. Nonrestricted licenses cover full casino operations and are divided into Group I and Group II in the board's license tables.

Sources

• Nevada Gaming Control Board: FY2025 Information Sheet (gaming win, area shares, category shares, licenses, taxes).
• Casinos.com: Las Vegas Strip Gaming Revenue Sets Record in 2025 Despite Fewer Visitors (Strip, Downtown, baccarat and visitation data).
• Nevada Gaming Control Board (regulator home page and monthly reports).
• DeucesCracked Editorial calculations (labeled "derived" in the text).

Frequently Asked Questions

How much did Nevada casinos win in fiscal year 2025?

Statewide gaming win was $15,639,653,228 in FY2025 (July 2024 to June 2025), per the Nevada Gaming Control Board: $10,611,179,371 from slots and $5,028,473,857 from table, counter and card games.

What is the biggest table game in Nevada by win?

Baccarat, at 8.9% of total statewide win in the NGCB data, followed by blackjack at 7.9%.

What share of Nevada gaming win comes from Clark County?

Clark County produced $13.58 billion, or 86.8% of the state total, in FY2025.

How much gaming tax does Nevada collect?

Gaming taxes and license fees totaled $1,205,895,956 in FY2025, about 7.7% of gaming win, according to the Quarterly Statistics Report.

Did Las Vegas Strip gaming revenue grow in 2025?

Barely. Press coverage of the NGCB data put Strip win at about $8.8 billion for calendar 2025, up 0.03%, while visitation fell 7.5% to 38.54 million.

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